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NEW YORK ( TheStreet) -- Chevron (NYSE: CVX) hit a new 52-week high Tuesday as it is currently trading at $111.19, above its previous 52-week high of $110.99 with 7.2 million shares traded as of 4 p.m. ET. Average volume has been 8.8 million shares over the past 30 days. Chevron has a market cap of $212.53 billion and is part of the basic materials sector and energy industry. Shares are up 3.4% year to date as of the close of trading on Monday. 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 8.2, above the average energy industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7.