Chevron stock (CVX) heads into Monday with Venezuela output boost in spotlight
Chevron shares rose 1.8% to $162.11 after executives told the White House the company could quickly double Venezuelan crude exports if U.S. sanctions ease. Treasury Secretary Scott Bessent said more sanctions could be lifted next week. Trump signed an order blocking seizure of Venezuelan oil revenue in U.S. accounts. Brent crude closed up 2.18% at $63.34 a barrel amid fresh supply concerns.