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NEW YORK ( TheStreet) -- Chevron (NYSE: CVX) hit a new 52-week high Thursday as it is currently trading at $109.96, above its previous 52-week high of $109.94 with 9.8 million shares traded as of 3:25 p.m. ET. Average volume has been 11.6 million shares over the past 30 days. Chevron has a market cap of $209.3 billion and is part of the basic materials sector and energy industry. Shares are up 17% year to date as of the close of trading on Wednesday. Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 9.1, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.