Venezuela license shift and Leviathan expansion put CVX in focus after the close
New York, January 16, 2026, 20:04 EST — The market has closed.
Shares of Chevron Corporation ticked up 0.1% to $166.26 at Friday’s close after U.S. Energy Secretary Chris Wright announced that Washington is pushing “as fast as it can” to broaden Chevron’s license to operate in Venezuela. Under the new terms, Chevron would be allowed to pay the Venezuelan government in cash rather than crude, turning it into “another marketer of crude,” Wright said. (Reuters)
Venezuela is back in investors’ sights as Chevron remains the only U.S. oil major still producing crude there, pumping roughly 240,000 barrels per day through joint ventures with state-owned PDVSA, according to oil industry sources this week. Those…
