Investors dumping the shares, however, could be opening up an opportunity for investors who understand Chevron's financially strong business model. Notably, the stock's dividend yield is currently 4.8%. That's near the highest levels since the coronavirus pandemic sent U.S. oil prices below zero.

Financial markets are once again focused on Washington, D.C., but taxes, not tariffs, are driving recent price action.

An earlier rise for long-term Treasury notes followed Moody’s downgrade of the U.S. credit rating, raising national debt concerns.