By Alex Kozul-Wright
Chevron has jumped into the 20 most valuable listed companies in America, as the war-driven surge in energy prices has probably lifted the company's bottom line.
Chevron stock edged up 0.9% to $$203.34 early Friday, while the S&P 500 fell 0.8%. At close of business Thursday, Chevron's market value rose to just over $400 billion -- the first time the oil-and-gas major hit that valuation watermark, according to Dow Jones Market Data.
From Feb. 27 -- the eve of the war with Iran -- to March 19, Chevron added $29.3 billion to its market capitalization, and climbed four places in the ranking of the most valuable U.S. companies, landing at 20th. In that time, the international oil benchmark, Brent crude, soared by 47%.
One of Chevron's main rivals, Exxon Mobil, has also swelled in size since the start of hostilities in Iran -- its market cap has grown by $23.6 billion. Unlike Chevron, though, it has maintained its position as the 13th largest public company in America.
Meanwhile, Palantir Technologies, which has a tight relationship with U.S. defense and intelligence operations, has added $44.2 billion to its market valuation since the end of February. In the process, it has shot up seven places to become the 22nd largest company in the U.S.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 20, 2026 10:21 ET (14:21 GMT)
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