Why Is Chevron Stock Falling on Monday?
Chevron Corporation (NYSE: CVX) shares fell on Monday as global crude oil prices continued to decline for a fourth consecutive session. The Nasdaq is up 2.40% while the S&P 500 has gained 1.37%.
Chevron's stock dropped because the price of oil keeps falling. When oil gets cheaper, oil companies usually make less money from selling it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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