Chevron (NYSE:CVX) Bolsa

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

News

Economics

China aumenta los aranceles sobre productos agrícolas y otros productos de EE.UU. en respuesta a las subidas arancelarias de Trump.

China responde con aranceles a EE.UU.: Guerra comercial en aumento

China impone aranceles del 10% y 15% en represalia a las tarifas de EE. UU. ¿Cómo afectará a exportadores y fabricantes?

China impone nuevos aranceles: cómo afectarán a envíos de petróleo y fabricantes de autos

Macro Economic Events

Markets

China impone nuevos aranceles: cómo afectarán a exportadores de petróleo y fabricantes de autos

Chevron Corp

Convex Finance - United States Dollar

Global

Chevron spokesperson Says It Is Aware Of U.S. President's Directive On Venezuela And Will Abide By Any Direction Given By U.S. Treasury Dept

U.S. Ends Chevron's License To Export Venezuelan Oil, Authorizes Company To Wind Down Exports By April 3; Termination Of U.S. License For Chevron To Operate In Venezuela Bans Taxes, Royalty Payments

<a href="https://ofac.treasury.gov/recent-actions/20250304" title="https://ofac.treasury.gov/recent-actions/20250304">https://ofac.treasury.gov/recent-actions/20250304</a>

Politics

General

The Department Of The Treasury's Office Of Foreign Assets Control Has Issued Venezuela General License 41A, "Authorizing The Wind Down Of Certain Transactions Related To Chevron Corporation's Joint Ventures In Venezuela"

China has responded forcefully to President Donald Trump&#8217;s recent tariff increases, implementing reciprocal tariffs on selected American goods, sanctioning U.S. companies, and <a href="https://in.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets">announcing plans to file a complaint</a> with the World Trade Organization.
What Happened: Beijing&#8217;s actions, timed to coincide with the U.S. doubling of universal tariffs on Chinese goods, include duties of 15% on U.S. poultry and agricultural products such as wheat, corn, and cotton, <a href="https://www.scmp.com/economy/global-economy/article/3300948/china-hits-back-trump-reciprocal-tariffs-sanctions-us-firms?module=top_story&amp;pgtype=homepage">reported</a> South China Morning Post. Tariffs of 10% will be applied to imports of soybeans, pork, beef, and various food products.
&#8220;The unilateral tariff measures launched by the United States seriously violate the rules of the WTO and undermine the basis for bilateral economic and trade cooperation,&#8221; said a Chinese Ministry of Commerce spokesperson in an official statement.
Beyond tariffs, the Ministry of Commerce added 15 U.S. firms to China&#8217;s export control list, requiring special approval for them to receive exports of &#8220;dual-use&#8221; items. Another ten American companies were placed on Beijing&#8217;s &#8220;unreliable entity list,&#8221; effectively banning them from trading with China or making <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43462612/china-retaliatory-tariff-playbook-corn-wheat-soybeans-in-the-crosshairs">new investments in the country</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled' Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People's Lives'</a>
Why It Matters: The escalation follows Trump&#8217;s announcement last week to double tariffs on Chinese imports, augmenting the 10% duties in effect since February. These moves are widely viewed as the opening shots of a new trade war, with Trump signaling on his Truth Social platform that more tariffs could be coming on Apr. 2.
<figure class="wp-block-image aligncenter size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04032944/Screenshot-2025-03-04-at-1.58.41%E2%80%AFPM.png" alt="" class="wp-image-807484" /></figure>
Economists note that while China&#8217;s response is significant, it remains measured. &#8220;Today&#8217;s list covers agricultural goods such as soybeans that are important for trade between the two countries,&#8221; said Zhang Zhiwei, chief economist at Pinpoint Asset Management. &#8220;But China retaliated on a small share of U.S. exports. I think China is still trying not to escalate the trade war.&#8221;
Earlier in February, China had already <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43454424/china-strikes-back-new-tariffs-up-to-15-on-certain-us-imports-in-retaliation-for-trumps-10-levy-on-chinese-goods">imposed 15% tariffs</a> on coal and liquefied natural gas and 10% on crude oil, agricultural machinery, and high-displacement vehicles, affecting major U.S. exporters like Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>).
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China Strikes Back At Trump's Tariffs With Retaliatory Duties, US Company Sanctions, And WTO Showdown

WIIM

AESI

CIVI

CRGY

CTRA

DINO

EQNR

FANG

LBRT

MTDR

PTEN

TRGP

WFRD

Shares of companies in the broader energy sector are trading lower after president Trump confirmed Mar 4 tariffs, which could affect demand outlook.

Deep-pocketed investors have adopted a bullish approach towards Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Chevron. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 43% bearish. Among these notable options, 5 are puts, totaling $307,850, and 11 are calls, amounting to $2,773,712.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $170.0 for Chevron over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Chevron stands at 2878.79, with a total volume reaching 12,242.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chevron, situated within the strike price corridor from $100.0 to $170.0, throughout the last 30 days.
<h3>Chevron 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741029356_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$2.12</td>
<td>$2.01</td>
<td>$2.02</td>
<td>$170.00</td>
<td>$2.0M</td>
<td>1.1K</td>
<td>10.0K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.55</td>
<td>$15.25</td>
<td>$15.25</td>
<td>$150.00</td>
<td>$228.7K</td>
<td>1.2K</td>
<td>216</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$9.9</td>
<td>$9.85</td>
<td>$9.85</td>
<td>$165.00</td>
<td>$172.3K</td>
<td>1.8K</td>
<td>236</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$4.1</td>
<td>$3.9</td>
<td>$4.05</td>
<td>$155.00</td>
<td>$124.7K</td>
<td>915</td>
<td>398</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$61.05</td>
<td>$59.5</td>
<td>$59.66</td>
<td>$100.00</td>
<td>$71.5K</td>
<td>133</td>
<td>12</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
Following our analysis of the options activities associated with Chevron, we pivot to a closer look at the company's own performance.
<h3>Chevron's Current Market Status</h3>
<ul>
<li>Trading volume stands at 4,164,384, with CVX's price down by -2.84%, positioned at $154.12.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 53 days.</li>
</ul>
<h3>What Analysts Are Saying About Chevron</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $176.8.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Chevron, which currently sits at a price target of $184. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Chevron with a target price of $194. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Chevron with a target price of $160. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Chevron, which currently sits at a price target of $171. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $175. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chevron options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Smart Money Is Betting Big In CVX Options

U.S. President Donald Trump has terminated an oil agreement with Venezuela, revoking a license previously granted to&nbsp;Chevron Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) by former President Joe Biden.
What Happened: Trump took to his Truth Social to announce the cancellation of Chevron&#8217;s Venezuela operations on Wednesday. This was based on the lack of progress on electoral reforms and migrant returns by Venezuelan President Nicolas Maduro. Though Trump did not mention Chevron in his post, the date mentioned, i.e, November 26, 2022, was when the oil giant was given the license to operate in Venezuela&#8217;s oil sector. However, Trump did not mention the details of &#8220;electoral conditions.&#8221;
Chevron did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="612" height="412" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27034654/Screenshot-2025-02-27-141557.png" alt="" class="wp-image-801056" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27034654/Screenshot-2025-02-27-141557.png 612w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/27034654/Screenshot-2025-02-27-141557-300x202.png 300w" sizes="(max-width: 612px) 100vw, 612px" /></figure>
The decision was met with disapproval from Delcy Rodriguez, Venezuelan Vice President, who deemed it a &#8220;damaging and inexplicable decision,&#8221; reported Reuters. Nevertheless, Marco Rubio, the U.S. Secretary of State defended the move, arguing it was designed to end all oil and gas licenses from the Biden-era that have &#8220;shamefully bankrolled the illegitimate Maduro regime.&#8221;
Chevron, which exports approximately 240,000 barrels of crude daily from its Venezuela operations, stated it has knowledge of Trump&#8217;s stance and was evaluating the implications of his decision. The termination of the license means that Chevron will no longer be permitted to export Venezuelan crude.
Since his January return to office, Trump has consistently stated that the U.S. does not require Venezuelan oil and hinted at the potential revocation of Chevron&#8217;s operating license. Trump announced that the oil concession agreement will be terminated effective March 1, instead of being renewed.
SEE ALSO: <a href="https://www.benzinga.com/news/25/02/43999592/mark-cuban-offers-support-to-elon-musk-but-only-if-tesla-ceo-backs-ro-khannas-anti-lobbying-bill">Mark Cuban Offers Support To Elon Musk—But Only If Tesla CEO Backs Ro Khanna&#8217;s Anti-Lobbying Bill</a>
Why It Matters: Chevron played a pivotal role in driving the growth of oil production and the economy in Venezuela. A Bloomberg report in January highlighted that Chevron submitted tax returns totaling approximately $300 million to the Venezuelan government last year, sparking concerns about the extent to which President Nicolás Maduro is profiting from the U.S. oil giant&#8217;s production despite sanctions.
Meanwhile, David Goldwyn, head of the energy advisory group at the Atlantic Council, previously told Bloomberg, "Chevron's activity in Venezuela is in both country's interests, as it's having an efficient player helping the Venezuela economy from falling back and preventing migrants from coming back." This is particularly notable as Trump has expressed discontent over the slow progress of the return of Venezuelan migrants back to their country. 
Oil prices inched higher on Thursday following declines in the past two sessions, as supply concerns re-emerged after Trump revoked Chevron&#8217;s license to operate in Venezuela. At 07:31 GMT, Brent crude futures had risen by 2 cents to $72.55 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased by 6 cents to $68.68 per barrel.
This decision comes on the heels of <a href="https://www.benzinga.com/markets/25/02/43685595/chevron-announces-about-20-workforce-reduction-in-cost-saving-initiative-responsible-leadership-requires-taking-these-steps">Chevron&#8217;s recent announcement</a> of a significant workforce reduction. Chevron planned to cut its workforce by up to 20% as part of a broader cost-saving initiative. The company aimed to reduce costs by $2 billion to $3 billion by the end of 2026. The termination of the Venezuelan license could potentially impact these cost-saving measures.
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</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Shuts Down Chevron's Venezuela Oil Permit, Tightening Pressure On Maduro Regime: Crude Oil Prices Rise On Supply Concerns

Venezuela Vice President Delcy Rodriguez Says U.S. Gov't Has Made "Damaging And Inexplicable" Decision On Chevron License

Asset Sales

Chevron Said To Be Open To Buying Phillips 66 Chemical Stake

Shares of oil and gas major, Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) are <a href="https://www.benzinga.com/movers">trading higher</a> on Monday.
The company revealed major changes to its leadership structure as part of efforts to <a href="https://www.benzinga.com/pressreleases/25/02/b43911755/chevron-announces-senior-leadership-changes">optimize its organizational setup </a>and enhance long-term competitiveness. 
Chevron is consolidating its Oil, Products &amp; Gas division into two segments: Upstream and Downstream, Midstream &amp; Chemicals.
The company stated that this move is designed to streamline operations, speed up decision-making, and set the company up for future growth and success.
Chevron has appointed Mark Nelson to remain at the helm of the Oil, Products &amp; Gas division as vice chairman and executive vice president. 
Also Read: <a href="https://www.benzinga.com/25/02/43911212/tiktok-collaboration-powers-connexas-new-mena-strategy-stocks-skyrocket">TikTok Collaboration Powers Connexa&#8217;s New MENA Strategy</a>
He will manage the company's updated strategy for splitting the Upstream and Downstream, Midstream &amp; Chemicals sectors, a move aimed at improving standardization across regions and boosting efficiency. 
Clay Neff, who currently serves as the president of International Exploration and Production, will take on the role of president of Upstream starting July 1, 2025. Meanwhile, Bruce Niemeyer, president of Americas Exploration and Production, will be assigned to lead Shale &amp; Tight operations starting on the same date.
In addition, the Downstream, Midstream &amp; Chemicals organization will undergo significant changes. Andy Walz will continue to serve as president, overseeing vital work processes related to operations, commercial activities, and customer value chain optimization.
&#8220;Our new organizational structure and leadership appointments are designed to improve our operational efficiency and position Chevron for sustained growth,&#8221; said CEO and Chairman Mike Wirth.
It is to be noted that Chevron recently said it is <a href="https://www.benzinga.com/markets/25/02/43685595/chevron-announces-about-20-workforce-reduction-in-cost-saving-initiative-responsible-leadership-requires-taking-these-steps">planning to begin layoffs this year</a>, with most expected to be completed by the end of 2026. 
This initiative is part of a larger cost-reduction strategy, with the company aiming to save between $2 billion and $3 billion by 2026.
In its fourth-quarter earnings, the company posted an adjusted EPS of $2.06, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43399866/chevrons-free-cash-flow-outlook-tops-estimates-goldman-sachs-sees-upside">missing the consensus of $2.11</a>.
Price Action: CVX shares are trading higher by 0.78% at $158.14 at last check Monday.
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</ul>
Photo: Shutterstock

What's Going On With Chevron Stock Today?

The Bank of Montreal launched five new exchange-traded notes (ETNs) Thursday, expanding its range of leveraged and <a href="https://www.benzinga.com/topic/leveraged-etfs">inverse investment products</a>. 
The Canadian banking firm has also been quietly ramping up its Bitcoin ETF holdings, reflecting a growing interest in the cryptocurrency market.
For the uninitiated, ETNs are mostly <a href="https://www.benzinga.com/etfs">similar to ETFs</a>. The difference is they invest in debt like bonds. Also, they attract lesser taxes because they do not pay dividends.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/02/43862680/roundhill-launches-weeklypay-etfs-with-5-funds-offering-enhanced-payouts">Roundhill Launches WeeklyPay ETFs With 5 Funds Offering Enhanced Payouts</a>
<h2 class="wp-block-heading">A Fresh Lineup Of Leveraged And Inverse ETNs</h2>
BMO's latest ETNs target the <a href="https://www.nasdaq.com/press-release/bmo-and-rex-shares-launch-us-big-banks-and-us-big-oil-leveraged-inverse-leveraged">energy </a>sector through the Solactive MicroSectors U.S. Big Oil Index, which consists of major oil players such as Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Valero Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>). The bank has introduced two ETNs for investors with opposing market views:
MicroSectors U.S. Big Oil 3X Leveraged ETNs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGU#NYSE">NRGU</a>), which seeks to generate three times the daily return of the index, and MicroSectors U.S. Big Oil -3X Inverse Leveraged ETNs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGD#NYSE">NRGD</a>), which provides the inverse, delivering negative three times the index's daily movement.
These products allow investors to make tactical bets on the energy market, especially as oil prices remain highly sensitive to geopolitical and economic changes.
BMO hasn&#8217;t left the financial sector behind, with new leveraged and inverse ETNs tied to the Solactive MicroSectors U.S. Big Banks Index. This index tracks heavyweights such as JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and Bank of America.
The MicroSectors U.S. Big Banks 3X Leveraged ETNs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNKU#NYSE">BNKU</a>) provides three times the daily return of the index. On the other hand, the MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNKD#NYSE">BNKD</a>) moves in the opposite direction, offering negative three times the daily performance.
<h2 class="wp-block-heading">BMO's Growing Crypto Bet</h2>
BMO has also recently made a significant push into Bitcoin ETFs. According to a February <a href="https://www.binance.com/en/square/post/20289730836265">report </a>from Binance, which cited an SEC filing by BMO, the bank has upped its Bitcoin ETF holdings from $13 million to $150 million, a staggering 1053.85% increase in just one quarter.
Regulatory filings submitted to the U.S. SEC on January 13 revealed that BMO had allocated $139 million to BlackRock's iShares Bitcoin ETFs, with the remaining $11 million divided among ETFs from ARK 21Shares, Grayscale, and Fidelity.
The leveraged and inverse ETNs cater to active traders looking for higher exposure to high-momentum sectors, while the Bitcoin ETF investment signals institutional optimism in crypto's long-term potential.
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Photo: Shutterstock

New ETFs

ETFs

BNKD

BNKU

NRGD

NRGU

Bank Of Montreal Expands Investment Offerings With New ETNs, Bitcoin Bet

Chevron Estimates Its Worldwide Oil-Equivalent Production In 2025 To Increase 6%-8% Over 2024 Assuming $70 Per Barrel Brent Price

Shares of several oil companies are trading higher following a drone attack on a Russian pipeline which could reduce supply.

Israel on Tuesday announced plans to enter negotiations with Hamas to secure a lasting ceasefire in Gaza and facilitate the release of the remaining Israeli hostages.
What Happened: Israel&#8217;s foreign minister,&nbsp;Gideon Sa'ar, declared that the nation is set to begin negotiations with Hamas, <a href="https://www.wsj.com/world/middle-east/hamas-to-release-four-dead-hostages-on-thursday-1051269e?mod=hp_lead_pos6">as per</a>&nbsp;The Wall Street Journal.
The talks aim to establish a permanent ceasefire and secure the release of the remaining Israeli hostages held by Hamas. This development follows Hamas&#8217; agreement to return the bodies of four deceased hostages, a gesture seen as a potential step toward broader peace efforts.
SEE ALSO:&nbsp;<a href="https://www.benzinga.com/tech/25/02/43775516/after-discounts-tesla-is-now-offering-free-vinyl-wraps-to-boost-foundation-series-cybertruck-sales" target="_blank" rel="noreferrer noopener">After Discounts, Tesla Is Now Offering Free Vinyl Wraps To Boost Foundation Series Cybertruck Sales</a>
In return, Israel has agreed to release all Palestinian women and minors under 19 detained in Gaza since October 2023, who were not directly involved in the conflict, according to Arab mediators, the report said. 
Israel&#8217;s security cabinet approved the launch of the second phase of the ceasefire deal on Monday night, two weeks later than originally planned.
Why It Matters: The first phase of the 42-day ceasefire between Israel and Hamas is set to conclude on March 1. The transition to the second phase has been a politically sensitive issue in Israel, as members of Prime Minister Benjamin Netanyahu's right-wing alliance remain opposed to ending the <a href="https://www.benzinga.com/news/global/25/01/43029992/netanyahu-postpones-ceasefire-vote-raising-questions-about-gaza-truce-prospects">war without the complete dismantling of Hamas.</a>
Earlier this month,&nbsp;President Donald Trump&nbsp;announced that the&nbsp;<a href="https://www.benzinga.com/25/02/43484176/trump-says-us-will-take-over-gaza-strip-were-going-to-develop-it-create-thousands-of-jobs">U.S. would take over the Gaza Strip</a>&nbsp;and develop it, creating thousands of jobs. This proposal was met with widespread criticism, with world leaders rejecting the idea of displacing nearly 2 million Palestinians from Gaza.
President Trump also proposed a <a href="https://in.benzinga.com/news/25/02/43503385/trumps-gaza-plan-for-seaside-resort-faces-global-pushback">plan to convert Gaza</a> into a real estate project. French President&nbsp;Emmanuel Macron&nbsp;<a href="https://www.benzinga.com/25/02/43645123/emmanuel-macron-rejects-trumps-plan-of-turning-gaza-into-a-resort-the-right-answer-is-not-a-real-estate-operation">emphasized the need for a political solution</a>&nbsp;to the Gaza issue, rejecting the idea of turning the region into a real estate project. 
Meanwhile, West Texas Intermediate crude futures jumped 0.61% to $71.14 per barrel by 8:20 a.m. ET, while Brent crude was down 0.29% to $75 per barrel. U.S. energy stocks were trading mixed in premarket as the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.47%. Oil giants Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) gained 0.17% and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) was down 0.15%.
<ul>
<li>READ MORE:&nbsp;<a href="https://www.benzinga.com/tech/25/02/43759759/apple-and-meta-in-race-to-develop-ai-powered-humanoid-robots" target="_blank" rel="noreferrer noopener">Apple and Meta in Race To Develop AI-Powered Humanoid Robots</a></li>
</ul>
Image via Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

Israel To Begin Negotiations With Hamas For Permanent Cease-Fire, Release Of Remaining Hostages

Former U.S. Secretary of Labor Robert Reich has called out the tax reduction plans of the Donald Trump-led administration in an X post, terming them as an &#8220;absolutely shameless giveaway,&#8221; that could shoot up the deficit by $4.6 trillion.
What Happened: The possible tax cuts for rich individuals and lower corporate tax rates are likely to widen the U.S. trade deficit, which the Trump 2.0 administration would most likely fund from the tariffs imposed on its trading partners.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump wants to extend his tax cuts for rich individuals, which would add $4.6T to the deficit. But he wants to go even further, cutting the corporate tax rate to 15%. It&#39;s yet another absolutely shameless giveaway. <a href="https://t.co/mkAWOFkkUd">pic.twitter.com/mkAWOFkkUd</a>
&mdash; Robert Reich (@RBReich) <a href="https://twitter.com/RBReich/status/1891623719304339516?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The data from the Center For American Progress Action Fund or CAPAF shows that cutting the corporate tax rate down to 15% would save all sectors and companies billions of dollars in tax.
<ul>
<li>Top 100 U.S. Companies: Can expect a total annual tax cut of $48 billion despite reporting $1.1 trillion in profits in their 2023 annual report.</li>
</ul>
<ul>
<li>Top 10 U.S. Companies: Reported more than $520 billion in profits according to their 2023 annual report can expect an annual tax cut of $23 billion. These include firms like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), and JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).</li>
</ul>
<ul>
<li>Oil: The five largest U.S. oil companies, including Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), and Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) will receive an estimated $2.2 billion annual tax cut, despite over $80 billion in profits.</li>
</ul>
<ul>
<li>Pharma: The five largest U.S. drug makers, Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), Merck &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) and Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) will receive an estimated $3.1 billion annual tax cut, despite over $50 billion in profits.</li>
</ul>
<ul>
<li>Banking: The five largest Wall Street banks, JPMorgan Chase, Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) and Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) will receive an estimated $4.1 billion annual tax cut, despite nearly $113 billion in profits.</li>
</ul>
<ul>
<li>Grocery: The five largest grocery companies, Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Albertsons Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) will receive an estimated $1.7 billion annual tax cut, despite over $29 billion in profits.</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43763438/trump-acting-like-a-mafia-don-says-this-economist-as-uncertainty-mounts-businesses-hold-back-in-fear-of-unforeseen-economic-shifts">Trump &#8216;Acting Like A Mafia Don,&#8217; Says This Economist As Uncertainty Mounts, Businesses Hold Back In Fear Of Unforeseen Economic Shifts</a>
Why It Matters: Trump has threatened all its trading partners with &#8220;reciprocal tariffs,&#8221; while already having implemented 25% on steel and aluminum imports.
According to economists like Craig Shapiro, who is a macro strategist at the Bear Traps Report, tariffs are the "<a href="https://www.benzinga.com/25/02/43587245/tariffs-are-the-only-way-to-fund-tax-cuts-without-deficit-expansion-argues-expert-as-it-takes-center-stage-in-donald-trumps-economic-plan">only way</a>" to fund tax cuts without expanding the federal deficit. 
Shapiro likened Trump&#8217;s governance to that of a &#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43763438/trump-acting-like-a-mafia-don-says-this-economist-as-uncertainty-mounts-businesses-hold-back-in-fear-of-unforeseen-economic-shifts">Mafia Don</a>,&#8221; saying businesses are now uncertain about the economy&#8217;s direction. He noted fading &#8220;initial euphoria&#8221; and a &#8220;wait-and-see&#8221; approach from business leaders due to unclear policies, tariffs, trade agreement uncertainty, and fluctuating government spending. &#8211;
Price Action: On Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) which track the S&amp;P 500 and Nasdaq 100 indices, closed mixed. SPY fell 0.0049% to a value of $609.7, and QQQ was up by 0.42% to end at a value of $538.15, according to Benzinga Pro data.
Read Next:
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Photo courtesy: Shutterstock

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Trump's Tax Cut Could Add $4.6 Trillion To Deficit, With $48 Billion Tax Relief For Top 100 Firms: Robert Reich

Website listings and data company <a href="https://www.benzinga.com/real-estate/24/12/42462666/plan-and-budget-for-the-mid-6-range-what-homebuyers-can-expect-in-2025-according-to-realtor-com">Realtor.com</a> is the latest high-profile Californian-based company to relocate to Texas. In moving from Santa Clara to <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">Austin</a>, alarm bells sounded in Silicon Valley as it lost another high-profile tech business to the Lone Star state.
&#8220;With the move, the company has made Austin its top hiring location and has committed to the long-term growth of its team and office footprint in Texas,&#8221; Realtor.com <a href="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2024/q4/us-reports/office/austin_americas_marketbeat_office_q42024.pdf?rev=f81f4e5596c0434ea30b73c9c4a80aa6">announced</a> on Feb. 6, adding that the area&#8217;s affordable cost of living, &#8220;aspirational lifestyle,&#8221; and &#8220;expansive tech and academic communities&#8221; make it an ideal home base.
Realtor.com is a unit of News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA)).
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<h2 class="wp-block-heading">Affordability And Lifestyle</h2>
In conjunction with the move, and in a blow to Californian prestige, Realtor.com said: &#8220;Austin and Texas offer a strong and growing talent pool, a powerhouse economy with unparalleled housing growth, affordability of living only matched by its aspirational lifestyle, expansive tech, and academic communities, and a dynamic and vibrant city at the heart of the thriving state of Texas. There is no better place for us to call home.&#8221;
It continued: &#8220;Over the coming years, we are committed to growing our presence by hiring great local talent and by bringing new recruits to Texas. Basing Realtor.com in Texas puts our company at the heart of innovation and inspiration at a moment of national economic renaissance for America. We are proud to be housed in a state which understands the crucial role played by business in providing opportunities for personal growth, professional success and community achievement. Our investment in Austin is a downpayment on The American Dream.&#8221;
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-y2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
Realtor.com's announcement<a href="https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c"> </a>echoed oil major Chevron's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) last year that it would move to Texas from California. The company is now based in Dallas.
&#8220;We believe California has a number of policies that raise costs, that hurt consumers, that discourage investment, and ultimately, we think that&#8217;s not good for the economy in California and for consumers,&#8221; Chevron CEO Mike Wirth <a href="https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c">told The Wall Street Journal</a> in August.
<h2 class="wp-block-heading">A Deluge Of Companies Leaving California For Texas</h2>
<a href="http://realtor.com/">Realtor.com</a> joins a deluge of companies that have traded the Golden State for the Lone Star State. These include Chevron, SpaceX, X, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , and <a href="https://www.benzinga.com/insights/options/25/02/43597329/unpacking-the-latest-options-trading-trends-in-charles-schwab">Charles Schwab</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NASDAQ">SCHW</a>).&nbsp;
Recently, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg moved trust and safety workers to Texas and is reportedly exploring <a href="https://www.wsj.com/tech/meta-incorporation-texas-delware-f06e8bab">moving the social-media giant&#8217;s legal residence</a> to the state. Smaller but high-profile companies, such as TV chef<a href="https://www.businessinsider.com/gordon-ramsay-moves-restaurant-hq-california-texas-2021-12"> Gordon Ramsay&#8217;s restaurant business</a> also made headlines by moving to Texas from California.
See Also: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
<a href="https://www.concordia.edu/blog/19-corporations-and-businesses-fleeing-california-for-texas.html">Other large companies</a>, including CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>), Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>), Hewlett Packard Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and Pabst Brewing Company, have moved to Texas in recent years, according to Concordia University.
<h2 class="wp-block-heading">Population Surge</h2>
Aside from differing politics, many companies cite the cost of living, affordable land, and lack of state income taxes as drivers for the move. Texas&#8217;s population increased by 1.6% in the year to July 2022, <a href="https://www.newsweek.com/why-americans-are-fleeing-democratic-states-1795292">Newsweek reported</a>, citing Census Bureau data. Over the same period, California decreased by 0.3% and New York by 0.9%.&nbsp;
<a href="https://www.bloomberg.com/news/articles/2025-02-06/realtor-com-leaves-california-to-set-up-headquarters-in-texas">Bloomberg reported</a> that Realtor.com has around 60,000 square feet in its Austin headquarters, and some workers who used to be based out of Santa Clara have been instructed to work remotely. However, according to commercial real estate brokerage <a href="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2024/q4/us-reports/office/austin_americas_marketbeat_office_q42024.pdf?rev=f81f4e5596c0434ea30b73c9c4a80aa6">Cushman &amp;&nbsp; Wakefield</a>, Austin&#8217;s construction boom has resulted in office vacancies of nearly 30%.
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Realtor.com Leaves California To Set Up Base In Texas —  It's Just One Of Many Companies Leaving The West Coast

Investors with a lot of money to spend have taken a bullish stance on Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CVX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Chevron.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 35%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $197,606, and 12 are calls, for a total amount of $686,798.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $200.0 for Chevron during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chevron's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chevron's whale trades within a strike price range from $95.0 to $200.0 in the last 30 days. 
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739564121_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$63.9</td>
<td>$61.0</td>
<td>$62.65</td>
<td>$95.00</td>
<td>$125.3K</td>
<td>0</td>
<td align="right">20</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$4.4</td>
<td>$4.15</td>
<td>$4.15</td>
<td>$157.50</td>
<td>$83.0K</td>
<td>6</td>
<td align="right">207</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$13.7</td>
<td>$13.55</td>
<td>$13.59</td>
<td>$170.00</td>
<td>$81.5K</td>
<td>68</td>
<td align="right">60</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$58.55</td>
<td>$56.15</td>
<td>$58.02</td>
<td>$100.00</td>
<td>$75.4K</td>
<td>91</td>
<td align="right">13</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.24</td>
<td>$2.22</td>
<td>$2.23</td>
<td>$160.00</td>
<td>$70.4K</td>
<td>9.7K</td>
<td align="right">664</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
Following our analysis of the options activities associated with Chevron, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Chevron</h3>
<ul>
<li>Trading volume stands at 3,316,461, with CVX's price up by 1.37%, positioned at $156.28.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 70 days.</li>
</ul>
<h3>What Analysts Are Saying About Chevron</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $174.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Chevron, maintaining a target price of $171. 
&#x2A; An analyst from Raymond James persists with their Outperform rating on Chevron, maintaining a target price of $175. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Chevron, which currently sits at a price target of $180. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on Chevron, maintaining a target price of $160. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Chevron, targeting a price of $184. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chevron options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Market Whales and Their Recent Bets on CVX Options

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/02/2025-02-13_08h40_07.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Hotter PPI</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-hotter-inflation-ppi-inflation-spy-mc-02132025">click here</a> for a chart of SPDR S&amp;P 500 ETF Trust (SPY) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows the Consumer Price Index (CPI) dip was aggressively bought yesterday.</li>
<li>The chart shows that the stock market is now back at the low band of the micro resistance zone.</li>
<li>Based on historical precedence, the stock market should have fallen over 1000 DJIA points yesterday on hotter CPI data. The momo crowd extremely aggressively bought the dip, resulting in the stock market closing down only 225 DJIA points.</li>
<li>A new narrative from momo gurus has taken hold that inflation no longer matters because of their complete faith in President Trump's leadership.</li>
<li>The stock market also completely ignored Powell's response to higher CPI data.&nbsp; Powell said:
<ul>
<li>Policy will remain restrictive.</li>
<li>Progress is being made on inflation, but it is not yet at the goal.</li>
</ul>
</li>
<li>Last night, stock market futures ran even higher on aggressive momo buying.&nbsp; In the early trade, the stock market gave up gains in stock futures prior to the release of the Producer Price Index (PPI), as many investors took advantage of the strength to sell on concerns that Trump will announce reciprocal tariffs today.</li>
<li>Inflation at the producer level came hotter than expected.&nbsp; Here are the details:
<ul>
<li>Headline PPI came at 0.4% vs. 0.2% consensus.</li>
<li>Core PPI came at 0.3% vs. 0.3% consensus.</li>
<li>Of utmost importance to prudent investors is that the PPI data for prior months has been significantly revised upwards.&nbsp;</li>
</ul>
</li>
<li>The momo crowd initially extremely aggressively bought stocks on hotter PPI.&nbsp; The buying was met by selling from investors who took notice of the prior revisions to the upside.&nbsp; The momo crowd bought the dip as other investors sold.</li>
<li>A battle royale is shaping up between investors who are concerned about inflation and investors who believe inflation is not of consequence anymore because of President Trump's leadership.</li>
<li>In The Arora Report analysis, there is merit to President Trump&#8217;s leadership in pro-growth policies, reducing waste and fraud in the government, deregulation, tax cuts and tariffs.&nbsp; Having said that, it is a grave mistake to ignore inflation.&nbsp;&nbsp;</li>
<li>Back in September 2024, when the Fed cut interest rates by 50 bps, we shared with you the contrary Arora call that the Fed was making a policy mistake.&nbsp; The CPI and PPI data, especially the prior month revisions, now confirm that the Fed made a mistake in September.</li>
<li>The Arora Report has made dozens of contrary calls over decades regarding the Fed.&nbsp; One hundred percent of the prior calls have proven correct.&nbsp; So far, the call about the September 2024 rate cuts has proven spot on.&nbsp; Not only has the subsequent inflation data shown that the Fed made a mistake, but the yield on the 10-year bond has risen about 100 bps since the Fed's 50 bps rate cut.</li>
<li>Initial jobless claims came at 213K vs. 217K consensus.</li>
<li>Retail sales will be released tomorrow at 8:30am ET.</li>
<li>Prudent investors need to be aware that President Trump is threatening to impose reciprocal tariffs later today.&nbsp; There is a press conference scheduled for 1pm ET.&nbsp; Consider staying alert.</li>
</ul>
<h4 class="wp-block-heading">Layoffs</h4>
More layoffs are coming in tech.
In important news, oil giant Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) will cut 20% of its workforce.
Seventy-five thousand federal workers have opted into Trump's deferred resignation program.
Ultimately, these layoffs will start having an effect on the economy.
<h4 class="wp-block-heading">Europe</h4>
European stocks are seeing buying after Trump saying he is initiating talks with Russia's Putin to end the Ukraine war.
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Alphabet Inc Class C (GOOG), NVIDIA Corp (NVDA), and Tesla Inc (TSLA).
In the early trade, money flows are neutral in Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Microsoft Corp (MSFT), and Meta Platforms Inc (META).
In the early trade, money flows are positive in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin is range bound.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

Hotter PPI Follows Hotter CPI, But Momo Crowd Ignoring Inflation On Trump Hopium

In a significant cost-saving move, oil behemoth&nbsp;Chevron Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) has announced plans to slash its workforce by up to 20%.
What Happened: Chevron announced on Wednesday that it intends to commence major layoffs this year, aiming to complete the majority by the end of 2026. The move is part of a broader cost-cutting plan, with the company targeting a reduction of $2 billion to $3 billion by the end of 2026, reported <a href="https://www.cnbc.com/2025/02/12/chevron-will-slash-up-to-20percent-of-its-workforce-as-part-of-cost-cutting-plan.html">CNBC</a>
With Chevron&#8217;s total employee count of 45,600 as of December 2023, a 20% cut could result in the severance of over&nbsp;9,000 workers. Vice Chairman Mark Nelson stated that the company intends to offer complete support to the outgoing staff during the transition. &#8220;But responsible leadership requires taking&nbsp;these steps to improve the&nbsp;long-term competitiveness of our company&nbsp;for our people, our shareholders&nbsp;and our communities,&#8221; explained Nelson.
SEE ALSO: <a href="https://www.benzinga.com/news/earnings/25/02/43666595/crude-oil-down-over-2-upstart-shares-jump-following-earnings">Crude Oil Down Over 2%; Upstart Shares Jump Following Earnings</a>
Why It Matters: This decision comes on the heels of Chevron&#8217;s fourth-quarter earnings report, which, despite beating revenue estimates, disappointed on adjusted net earnings. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43399866/chevrons-free-cash-flow-outlook-tops-estimates-goldman-sachs-sees-upside">The company&#8217;s revenues</a> and other income of $52.23 billion exceeded the consensus of $46.75 billion. However, its adjusted net earnings were $3.63 billion, with an adjusted EPS of $2.06, missing the consensus of $2.11.
Despite this, Goldman Sachs analyst Neil Mehta observed that at 3,349 MBOE/d, Chevron&#8217;s production volumes almost matched their expectations. The company plans further cost reduction even as it foresees a 6% annual growth in its production over the next two years on the back of new wells in Kazakhstan and other nations.
The workforce reduction is a part of Chevron&#8217;s strategic move to improve its competitiveness in a sustained way amid these financial challenges. According to a New York Times report in January, Chevron&#8217;s cost reduction strategies include hiring engineers and geologists in locations with cheaper labor such as in India, to support activities in the U.S. and other countries.
Despite President Donald Trump&#8216;s agenda of &#8216;drill, baby, drill&#8217;, Wall Street expects the U.S. oil producers to be conservative with spending. Senior portfolio manager at Tortoise Capital, Rob Thummel stated, "We expect most oil and gas producers to remain disciplined with capital expenditures. However, less regulation will make it easier to increase drilling activity if commodity prices reach levels that are too high."
Following the announcement, Chevron shares lost over 1% yesterday. The stock has gained nearly 3% over the past year.
<ul>
<li>READ MORE:<a href="https://in.benzinga.com/markets/25/01/43308384/if-you-invested-10-000-in-exxon-mobil-stock-10-years-ago-how-much-would-you-have-now"> If You Invested $10,000 In Exxon Mobil Stock 10 Years Ago, How Much Would You Have Now?</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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