Chevron is loading Venezuela oil onto tankers
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TD Cowen estimates higher Venezuelan output could contribute $400 million to $700 million a year, representing roughly 1% to 2% of Chevron's operating cash flow.
We recently published 11 Stocks on Jim Cramer’s Radar. Chevron Corporation (NYSE:CVX) is one of the stocks on Jim Cramer radar. Oil giant Chevron Corporation (NYSE:CVX)’s shares witnessed considerable traction after the US action in Venezuela.
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How Chevron played the long game in Venezuela
Chevron met with Trump and spent millions lobbying him to continue operating in Venezuela. Now it is uniquely positioned to profit from that.
Bessent stated during a speech that large oil companies, including Chevron, are "not interested" in investing in Venezuela, marking a significant strategic shift for corporate boards.
Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel
Chevron Corp. and private equity group Quantum Energy Partners will join forces to buy the international assets of sanctioned Russian oil company Lukoil PJSC, according to the Financial Times.
Chevron Corporation is upgraded to Buy, driven by its unique first-mover advantage in Venezuela’s oil sector. Click here to read an analysis of CVX stock now.
You have Chevron with its Venezuelan interest, it’s held for ages. Now, it might get more than the 100,000 barrels per day that it currently pumps from the once great Venezuelan reserves.
Chevron stock is one of several oil stocks trading higher after the actions by the United States in Venezuela. A look at Congress members who own shares.