Chevron Corporation (NYSE:CVX) has decided to develop its Extra-Mile chain.

Chevron Corporation (NYSE:CVX) To Expand Gas Chain

It has been reported that Chevron Corporation (NYSE:CVX) has decided to enlarge its Extra-Mile gas station chain widely across the nation, with at least three-quarters of the new stations in California.

Chevron Corporation (NYSE:CVX) already has 80 Extra-Mile gas stations in the Bay area. Chevron Corporation (NYSE:CVX) is also seeking to bunch its new stations around its oil refineries.

Chevron Corporation (NYSE:CVX) is hoping to build a better-known brand to boost the chain in a competitive market.

Chevron Corp. (NYSE:CVX) shares were at 108.94 at the end of the last day’s trading. There’s been a 20.1% change in the stock price over the past 3 months.

Chevron Corp. (NYSE:CVX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.56
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.53
Zack’s Rank: 7 out of 16 in the industry