Because the world continues to run on oil despite efforts at infrastructural diversification, integrated hydrocarbon energy company Chevron (NYSE:CVX) already presents a relevant opportunity. The worsening geopolitical landscape only strengthens the case for potential gains in CVX stock, leading me to a bullish stance on this oil and gas giant.
Geopolitical Flashpoints Bolster the Bullish Case for CVX Stock
Undeniably, the most pressing issue at the moment is Iran’s attack against Israel over the weekend. On Friday, just the threat of Iran going through with its drone and missile strikes led to a 1% rise in oil prices. With posturing turning into outright action, the situation could now escalate into a serious supply disruption. In turn, that would likely move CVX stock higher.
To provide a quick background, Saturday’s attack materialized less than two weeks…
