Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more Chevron so soon.
On Saturday, hours after U.S. forces in Caracas killed at least 80 people and kidnapped Venezuelan President Nicolás Maduro, Donald Trump sounded less like a wartime commander than a developer surveying a newly acquired property. The country's future, he told reporters at his Mar-a-Lago resort, belonged to “very large United States oil companies,” which would soon be pumping “a tremendous amount of wealth out of the ground.
What happened in Venezuela on January 3 may turn out to be the most consequential energy and geopolitical event of the decade.
CVX is accelerating Venezuelan crude exports to ease storage bottlenecks and unlock up to $700 million in annual cash flow amid shifting geopolitics.
U.S. Energy Secretary Chris Wright said on Friday that Chevron saw a pathway to grow its Venezuela production by 50%, with his comments coming after a meeting that President Donald Trump had with oil companies on the South American nation.
CNBC's Kate Rooney joins 'Closing Bell' on how retail traders are investing at the start of 2026.
U.S. oil major Chevron , global trading house Vitol and other oil traders, producers and refiners are competing to win deals for exports of Venezuelan crude as part of their talks with U.S. officials for licenses to do business with the country, industry sources said on Thursday.
CVX's expanded Venezuela license can revive exports, reshape U.S. oil strategy and give the company a rare edge amid ongoing sanctions uncertainty.
I've always been a fan of dividend stocks, and whether you buy them for an income stream or the upside, they do not disappoint.
Recently, Zacks.com users have been paying close attention to Chevron (CVX). This makes it worthwhile to examine what the stock has in store.
The U.S. is planning big changes for Venezuela's oil industry after ousting the country's president. Shares of a handful of U.S. companies stand to benefit from the upheaval.
Oil producer Chevron is in talks with the U.S government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday.