Key Takeaways Chevron Corporation (CVX) is emerging as one of the biggest winners from the recent surge in oil prices caused by the conflict in the Middle East. The closure of the Strait of Hormuz and disruptions to oil and gas production across the region have pushed crude prices sharply higher, creating a favorable backdrop for large energy companies. While many oil majors are dealing with major operational setbacks, Chevron appears better positioned because of its relatively low exposure to the Middle Ea ...