NEW YORK (TheStreet) -- Shares of Chevron Corp (CVX) were sliding, lower by 0.98% to $98.30 in late afternoon trading Thursday, amid concerns over the Greek bailout talks and weaker U.S. refined fuels markets, according to Reuters.
U.S. crude for August delivery settled lower by 0.95% to $59.70 a barrel, while Brent for August delivery closed down at $63 a barrel, Reuters reports.
At last check, Brent crude for August delivery was falling by 0.44% to $63.21 a barrel as of 3:33 p.m. ET today, while WTI crude for August delivery was down 1.08% to $59.62 a barrel.
Yesterday,the Energy Information Administration said gasoline stockpiles rose by 680,000 barrels last week, compared to a fall of 304,000 barrels expected by analysts polled by Thomson Reuters.
San Ramon, Calif.-based Chevron is a holding company that is engaged in petroleum operations, chemicals operations, mining operations, and power and energy services through its subsidiaries.
Separately, TheStreet Ratings team rates CHEVRON CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHEVRON CORP (CVX) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."