Chevron‘s (NYSE: CVX) stock has been red-hot over the past year, surging 18.5%, which has outperformed the S&P 500‘s 17% return over that time frame. The stock currently trades for more than $115 per share, which has it getting closer to its split-adjusted all-time high, hit in 2014, of $135.10 per share. That’s despite the fact that crude is still more than 50% off its most recent peak.