Chevron (NYSE: CVX) experienced a significant rally of 16.1% in January, outperforming the S&P 500, which only rose by 1.4%. This surge in Chevron’s stock was primarily driven by increasing oil prices, although other factors also contributed to the company’s growth during the month. The overall positive market sentiment around energy stocks played a role in boosting Chevron’s performance. Investors remain optimistic about the company’s prospects moving forward.
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