Chevron Resumes Kern County Oil Drilling Near McKittrick
Published . Updated .
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Chevron is drilling again in Kern County, and it has big plans for 138 new wells near McKittrick.
Directly affected
- CVX Chevron+3.0% 30d
Named in this report.
Indirectly affected
- OIH VanEck Oil Services ETF+3.1% 30d
VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “drilling” (oilfield services) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- SLB Slb N.V-3.0% 30d
Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- HAL Halliburton+1.0% 30d
Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- BKR Baker Hughes-16.3% 30d
Baker Hughes (oil and gas field machinery and equipment): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- NE Noble
Noble (drilling oil and gas wells): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story.
- COP ConocoPhillips+6.9% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CVX | +7.15% | +2.05% | base | after close | after close | after close | after close |
| OIH | +9.05% | +2.76% | base | after close | after close | after close | after close |
| USO | +5.62% | -2.06% | base | after close | after close | after close | after close |
| SLB | +4.85% | +3.29% | base | after close | after close | after close | after close |
| HAL | +8.72% | +3.61% | base | after close | after close | after close | after close |
| BKR | +10.85% | +4.21% | base | after close | after close | after close | after close |
| XOM | +8.37% | +2.16% | base | after close | after close | after close | after close |
| NEPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| COP | +7.74% | +0.44% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Chevron Resumes Kern County Oil Drilling Near McKittrick Hoodline
Source: Hoodline
The price since 7 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| BKR | three days earlier | +4.21% | final price |
| BKR | five days earlier | +10.85% | final price |
| Conocophillips (COP) | three days earlier | +0.44% | final price |
| Conocophillips (COP) | five days earlier | +7.74% | final price |
| Chevron (CVX) | three days earlier | +2.05% | final price |
| Chevron (CVX) | five days earlier | +7.15% | final price |
| Halliburton (HAL) | three days earlier | +3.61% | final price |
| Halliburton (HAL) | five days earlier | +8.72% | final price |
| Vaneck Vectors Etf (OIH) | three days earlier | +2.76% | final price |
| Vaneck Vectors Etf (OIH) | five days earlier | +9.05% | final price |
| Slb (SLB) | three days earlier | +3.29% | final price |
| Slb (SLB) | five days earlier | +4.85% | final price |
| United States Oil Fund (USO) | three days earlier | -2.06% | final price |
| United States Oil Fund (USO) | five days earlier | +5.62% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +2.16% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +8.37% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 24 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 66 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 24 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 68 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 73 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 75 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 78 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Chevron Resumes Kern County Oil Drilling Near McKittrick.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “Chevron Resumes Kern County Oil Drilling Near McKittrick,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- OIH Vaneck Vectors Etf
Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Chevron Resumes Kern County Oil Drilling Near McKittrick.” Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “drilling” (oilfield services) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Chevron Resumes Kern County Oil Drilling Near McKittrick.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Chevron Resumes Kern County Oil Drilling Near McKittrick.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SLB Slb
For “Chevron Resumes Kern County Oil Drilling Near McKittrick,” Slb (SLB) is linked, with no stored direction, medium confidence. Reason on file: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story
- COP Conocophillips
For “Chevron Resumes Kern County Oil Drilling Near McKittrick,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- HAL Halliburton
Halliburton (HAL) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Chevron Resumes Kern County Oil Drilling Near McKittrick.” Reason on file: Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “drilling” (oilfield services) in this story
United States Oil Fund (USO) and the energy link
The 7 Nov 2026 story “Chevron Resumes Kern County Oil Drilling Near McKittrick” names United States Oil Fund (USO) because of Energy.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
The price range for United States Oil Fund (USO), and the dates in the story
OIH traded between 367.58 and 412.72 across 20 sessions. The latest close on file is 409.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“Chevron Resumes Kern County Oil Drilling Near McKittrick” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.