Chevron Corporation (CVX) Remains Well Placed to Benefit From High Commodity Prices

1 month ago 15

Soumya Eswaran

Tue, July 28, 2026 astatine 8:14 AM CDT 3 min read

Carillon Tower Advisers, an concern absorption company, released its second-quarter 2026 capitalist missive for the "Carillon Eagle Growth & Income Fund". A transcript of the missive is disposable to download here. The 2nd 4th of 2026 was driven by a crisp rally successful AI-related stocks, though gains were concentrated successful highly cyclical semiconductor, memory and optical companies. The S&P 500 gained 15.2%, portion the semiconductor scale surged 87.8%. Unlike earlier AI rallies led by megacaps and beardown net growth, immoderate smaller exertion stocks roseate 200% to 300%, making the beforehand much fragile. Software and services stocks declined arsenic investors questioned the interaction of AI disruption. Oil prices besides roseate during the Iran struggle earlier retreating, concisely expanding ostentation and interest-rate concerns. Despite the volatility, economical information and firm net remained strong. S&P 500 net are projected to emergence 25% successful 2026 and 15% successful 2027, with the marketplace trading adjacent 20x earnings. The Fund continues to absorption connected financially beardown companies with durable net maturation that tin execute crossed antithetic economical conditions. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its second-quarter 2026 capitalist letter, Carillon Eagle Growth & Income Fund highlighted Chevron Corporation (NYSE:CVX). Chevron Corporation (NYSE:CVX) engages successful the integrated vigor and chemicals operations. On July 27, 2026, Chevron Corporation (NYSE:CVX) closed astatine $190.00 per share. One-month instrumentality of Chevron Corporation (NYSE:CVX) was 14.62% and its shares gained 21.00% implicit the past 52 weeks. Chevron Corporation (NYSE:CVX) has a marketplace capitalization of $378.4 cardinal with a 52-week scope betwixt $146.49 - $214.71.

Carillon Eagle Growth & Income Fund stated the following regarding Chevron Corporation (NYSE:CVX) in its Q2 2026 capitalist letter:

"Chevron Corporation's (NYSE:CVX) anemic stock terms show successful the 2nd quarter, pursuing precise beardown show successful the archetypal quarter, intimately aligns with crude lipid prices passim 2026. Crude prices reflector quality flows retired of the Middle East with peculiar attraction to transit levels done the Strait of Hormuz. This volition proceed for the duration of the conflict. However, Chevron is good placed to payment from mostly precocious commodity terms levels, a high-quality plus base, and continued subject astir currency travel procreation and superior deployment."

Chevron Moves to Increase Mediterranean Footprint with Greece Offshore Deal

Chevron Corporation (NYSE:CVX) is not on our database of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 103 hedge money portfolios held Chevron Corporation (NYSE:CVX) at the extremity of the first quarter which was 86 in the erstwhile quarter. While we admit the imaginable of Chevron Corporation (NYSE:CVX) as an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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