CVX, XOM and OXY Forecast – Oil Stocks Jump After US Military Actions

Group 1: Chevron - Chevron has an existing operational footprint in Venezuela, which positions it to benefit if oil production increases due to reduced sanctions [1] - The stock is experiencing significant upward movement, contrasting with stagnant crude oil prices, indicating a unique market dynamic [1] Group 2: Exxon Mobil - Exxon Mobil is testing a major resistance level at $126, with potential for further gains if it breaks above this threshold [3] - The stock has shown consistent health and upward momentum, suggesting a strong outlook for continued growth [3] Group 3: Occidental Petroleum - Occidental Petroleum is approaching a critical resistance level at $43, with the possibility of challenging the 200-day EMA above $44 if it breaks through [5] - The stock may not benefit as much as others in the industry, but overall market trends could lift it, indicating a bullish bottoming pattern [6]