U.S. President Donald Trump's administration said on Tuesday it is ending a license that it had granted to U.S. oil producer Chevron since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns.
The average American receives a tax refund of $3,138. That's a big windfall for most people.
Emphasizing defensiveness in 2025, we recommend stocks with low border exposure and favorable tax-loss harvesting, like Chevron, with its strong balance sheet and dividend growth. Major oil companies, particularly Chevron, are poised for a bullish run, supported by low valuations and a pro-oil administration. Our analysis shows Chevron's price structure indicates a bullish trend, and we share key price levels to further confirm.
The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said.
The Trump administration, in yet another foreign policy power move, cancels a Biden-era license granted to CVX for producing and exporting oil in Venezuela.
Trump cancels Chevron's Venezuela license, cutting 240K bpd crude supply. Oil prices react to fresh supply concerns—read the full market impact!
President Trump's push for fossil fuels has put oil stocks back on investors' radar. On his first day in office for the second term, Trump declared a national energy emergency, froze federal funding for clean energy, and avowed his intentions to boost the domestic oil and gas industry.
CVX and partners advance an expansion plan for Israel's Leviathan gas field to increase production capacity and strengthen regional energy security.
The headline numbers for Chevron (CVX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
U.S. energy major Chevron said on Monday its Oil, Products and Gas Organization would be consolidated into two separate segments.
CVX extends Shelf Drilling's contract valued at $50M for the Scepter jack-up rig in Nigeria till 2026.
The world continues to use more energy and may continue to do so for the foreseeable future. According to McKinsey & Company's 2024 Global Energy Perspective, worldwide energy demand could grow until 2050.