Meridian Hedged Equity Fund, managed by ArrowMark Partners, named Chevron Corporation a leading contributor in its first-quarter 2026 investor letter. The fund cited Chevron's strict capital discipline, efficient Permian Basin operations, and the strategic benefits from integrating Hess Corporation as key strengths supporting durable free-cash-flow generation, consistent dividend growth, and steady share repurchases. Chevron's stock benefited from a sharp rise in oil prices following supply disruptions in March, along with better-than-expected earnings earlier in the quarter. The fund maintained its position throughout the period. Chevron shares closed at $171.06 on June 26, 2026, with a market capitalization of $340.68 billion, and gained 19.46% over the past 52 weeks.
Chevron CorpOil price surge from supply disruptions boosted Chevron's stock
Cboe Global Markets IncIntegration benefits from Hess cited as a key strength for Chevron