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tz-plus logo Stocks in Action USA: Chevron, Alibaba, Tencent

L. Kulikov
Reading Time: 3 minutes

ExxonMobil (XOM) & Chevron (CVX) – The oil giants surge after tanker attacks at the Strait of Hormuz! The shares of US oil companies ExxonMobil and Chevron are rising sharply after oil prices skyrocketed. The trigger was attacks on trade ships near the Strait of Hormuz, one of the most important shipping lanes for global oil transport. According to several reports, tankers were hit by projectiles, causing the price of August contracts to climb above $72 per barrel. The situation is exacerbated by a drone attack on Russia's largest refinery,...

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