Chevron stock edges higher as $22 billion Lukoil-bid talk collides with Venezuela supply headlines
Chevron shares rose 0.1% to $156.68 after reports linked the company to a potential bid, alongside Quantum Energy Partners, for Lukoil’s overseas assets valued at $22 billion. Oil prices slipped as the U.S. announced a deal to import Venezuelan crude, with analysts warning of a possible market surplus in early 2026.