Chevron stock price: CVX stock price: Why Chevron stock jumps in premarket today after Trump’s Venezuela remarks – here’s what he said
Chevron stock: US oil stocks rose sharply in premarket trading on Monday as investors reacted to US president Donald Trump’s move against Venezuela’s leadership, raising hopes that American companies could gain broader access to the country’s vast oil reserves, as per a report.
Chevron stock price rises as CVX gains on Venezuela exposure
Chevron, the only major US oil company currently operating in Venezuela, saw its shares climb more than 7% in pre-market trading. Refiners also posted strong gains, with Phillips 66, Marathon Petroleum, Valero Energy and PBF Energy up between about 5% and 16%.
US oil stocks rally in premarket as Trump targets Venezuela’s leadership
The surge followed Trump’s comments after the arrest of Venezuelan…
