China's economic slowdown is stoking concerns about global growth and the demand over future oil.
The utility stocks in the sector serve as a traditionally safe investment, buoyed by revenue from dividends, and has actually shown growth in recent months while oil has tanked.
What is China's weak export data revealing about crude oil?
The surge in individual stocks comes as both the WTI and Brent Crude indices jumped after China indicated it would hold trade talks with the U.S.
As oil recovers and begins to stabilize both the stock price and cash flow of companies in the space, dividend payments could drive strong portfolios.
CVX shares keep chugging along, building on a bounce from their December lows.
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