Venezuela, Trump and Chevron
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Chevron stock: What the Ratings say
Chevron (CVX) in focus amid Venezuela’s regime change: see Quant ratings, analyst buy calls, and $172 price target upside—get the latest stock outlook now.
Chevron and others in the broader U.S. oil-and-gas industry didn’t receive advance notice of the U.S. incursion or the Trump administration's broader Venezuela strategy, according to people familiar with the matter.
Chevron is the last U.S. oil major still operating in Venezuela, having maintained a continuous presence in the country since the early 20th century.
Chevron traces its origins back to the famous Standard Oil Company, founded by John D. Rockefeller in 1870. In 1911, the U.S. Supreme Court ordered the split of Standard Oil into
Chevron (CVX) faces subdued dividend growth due to lower oil prices. See which stocks may offer higher increases and insights on 2024 dividend trends.
Despite the threat of war, U.S. oil giant Chevron continues to operate in Venezuela. NPR's Ayesha Rascoe asks energy security analyst Clayton Seigle about the company's role in the country.
Chevron’s continued presence in Venezuela looks like an anomaly amid intensifying US sanctions. In fact, the contradiction is rooted in selective enforcement to maintain leverage over Caracas, as well as decades of oil politics.
Frontera Energy (FECCF) said Monday its Colombian subsidiary signed a financing deal with Chevron (CVX) worth as much as $120 million in exchange for future oil deliveries. The Canadian oil producer said it will receive an initial advance of $80 million and commit to deliver a portion of its output over two years to Chevron (CVX),
Chevron has achieved a major operational milestone in Angola, delivering first oil from its South N’dola offshore platform in December, just over two years after construction began.