Geopolitics Alpha

Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase

Published . Updated .

Key takeaways

  • Quarterly cash flow weakened sequentially despite a substantial annual earnings improvement.
  • Exposed: CRAK, XLE, VLO, MPC, PSX
  • Market reaction: XLE −4.8% on the day; CRAK −3.0% on the day; MPC −8.2% on the day

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Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase

Quarterly cash flow weakened sequentially despite a substantial annual earnings improvement.

Directly affected

  • CVX Chevron+9.6% 30d

    Named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.

  • VLO Valero Energy+3.1% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

  • MPC Marathon Petroleum+8.7% 11d

    Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

  • PSX Phillips 66+7.9% 30d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

  • XOM ExxonMobil Holdings+2.0% 16d

    ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CVX+1.76%+4.58%base-3.71%after closeafter closeafter close
CRAK+2.29%+2.54%base-3.04%after closeafter closeafter close
XLE+2.64%+4.95%base-4.79%after closeafter closeafter close
VLO+0.27%+3.25%base-5.74%after closeafter closeafter close
MPC+3.01%+3.95%base-8.24%after closeafter closeafter close
PSX+0.52%+3.89%base-4.59%after closeafter closeafter close
XOM+2.57%+5.49%base-4.52%after closeafter closeafter 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 Stocks Move Lower Refining Supplies Most of the Profit Increase Yahoo Finance

Source: Yahoo Finance

How far Vaneck Etf Trust (CRAK) has moved since 4 Nov 2026

CompanyWhenMoveStatus
Vaneck Etf Trust (CRAK)that day-3.04%final price
Vaneck Etf Trust (CRAK)three days earlier+2.54%final price
Vaneck Etf Trust (CRAK)five days earlier+2.29%final price
Chevron (CVX)that day-3.71%final price
Chevron (CVX)three days earlier+4.58%final price
Chevron (CVX)five days earlier+1.76%final price
Marathon Petroleum (MPC)that day-8.24%final price
Marathon Petroleum (MPC)three days earlier+3.95%final price
Marathon Petroleum (MPC)five days earlier+3.01%final price
Phillips 66 (PSX)that day-4.59%final price
Phillips 66 (PSX)three days earlier+3.89%final price
Phillips 66 (PSX)five days earlier+0.52%final price
Valero Energy (VLO)that day-5.74%final price
Valero Energy (VLO)three days earlier+3.25%final price
Valero Energy (VLO)five days earlier+0.27%final price
Select Sector Spdr Tr (XLE)that day-4.79%final price
Select Sector Spdr Tr (XLE)three days earlier+4.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.64%final price
XOMthat day-4.52%final price
XOMthree days earlier+5.49%final price
XOMfive days earlier+2.57%final price

Congressional trades in the stocks in this story

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 Vaneck Etf Trust (CRAK)

Companies tied to this story

  • CRAK Vaneck Etf Trust

    Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase.” Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story

  • XLE Select Sector Spdr Tr

    In “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story

  • VLO Valero Energy

    In “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story

  • MPC Marathon Petroleum

    In “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story

  • PSX Phillips 66

    For “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase,” Phillips 66 (PSX) is linked, with no stored direction, medium confidence. Reason on file: Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story

  • CVX Chevron

    In “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story

Vaneck Etf Trust (CRAK)

Vaneck Etf Trust (CRAK) is the company in “Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase,” the 4 Nov 2026 this story story.

Vaneck Etf Trust (CRAK) is on the page because VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story

Dates in the story, and the Vaneck Etf Trust (CRAK) price range

VLO traded between 377.49 and 461.55 across 20 sessions. The latest close on file is 387.67. 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 Vaneck Etf Trust (CRAK)

46 out of 100

“Chevron Stocks Move Lower Refining Supplies Most of the Profit Increase” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.