10 Best Oil Stocks to Buy Now Amid the US-Iran Conflict

8. Chevron Corporation (NYSE:CVX)

Stock Upside Potential: 13.46%

Year to Date Gain: 22.79%

Number of Hedge Fund Holders: 103

Chevron Corporation (NYSE:CVX) is one of the best oil stocks to buy now amid the US-Iran Conflict. On May 21, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), introduced a reformulated version of its Techron gasoline additive, designed to protect engines from deposits caused by lower‑quality fuels.

The updated Techron formulation is now available across all fuel grades at Chevron and Texaco stations in the U.S. The company claims the additive can clean up to 100% of harmful deposits when used consistently, based on industry‑standard GDI injector testing.

Chevron emphasized that the new formulation builds on its long‑standing reputation for clean engines and reliable performance. Andy Walz, president of Chevron Downstream, Midstream, and Chemicals, noted that the innovation reflects the company’s ongoing commitment to science‑based fuel technology.

The additive was tested extensively through laboratory studies, engine trials, and benchmarking against competitors. Chevron highlighted that Techron’s reformulation underscores its investment in fuel quality and technology, aligning with its broader role as an integrated energy company producing oil, gas, fuels, lubricants, and petrochemicals.

Chevron Corporation (NYSE:CVX) is a major integrated energy company. It explores for, produces, and refines crude oil and natural gas. It also transports these resources by pipeline and tanker, manufactures fuels and lubricants, and invests in lower-carbon energy technologies such as renewables and carbon capture.