How they just massacre these oil stocks periodically. They really seem to slobbernocker them especially if they have a terrific report. PXD no matter how much dividend they give they give it a shellacking after a good report and a great dividend. You can now add CVX to that list. I bought a bunch yesterday lost a bunch. Lost more today when it opened up, sold a bunch premarket. Sold more after the market opened, and sold the rest around 10 am.
Still took a beating on it but not as bad as if I had held it to the close. The dam thing closed around 174. Down about 13 points from where it closed yesterday.