CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

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CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

07 Jan Stock Analysis

NEW YORK, January 7, 2026, 15:29 EST — Regular session

Chevron down about 1% as investors weigh a possible role in a bid for Lukoil’s international assets
Venezuela policy has turned into the main driver, with Washington saying it wants to control oil sales “indefinitely”
Next big marker for CVX bulls and bears is the company’s January 30 earnings call

Chevron fell 0.9% to $155.17 in afternoon trade after Reuters reported private equity group Quantum Energy Partners is working on a bid that could involve the U.S. oil major for Lukoil’s international assets. A Chevron spokesperson said the company “continues to assess potential opportunities,” but declined to comment on commercial matters.

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