Why These 5 Stocks Are on the Move on Friday

4. Chevron Corporation (NYSE:CVX) is up almost 2.3% due to higher Brent prices. With higher oil prices in the near or medium term, Chevron Corporation (NYSE:CVX) could have more resources to spend on its clean energy initiatives in the long term. Chevron Corporation (NYSE:CVX) has a goal of spending $10 billion over the next seven years to increase the company’s renewable energy production and to cut its carbon emissions. The number of elite funds long Chevron Corporation (NYSE:CVX) rose by 9 from the prior quarter to 50 at the end of the second quarter.