Chevron stock hits 52-week high above $205 amid rising oil prices and geopolitical tensions

Chevron’s stock surge is driven by higher oil prices resulting from Iran-related supply concerns and regional conflicts in the Persian Gulf. The company's strong operational results and exploration expansion in Libya and Greece bolster its market position. Investors are now pricing in a premium, with analysts noting Chevron’s relative safety and lower Middle East exposure compared to peers, but future valuation hinges on geopolitical developments.