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Energy Sector 14 January 2026 - 16 January 2026

Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket

Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket

Oil prices fell more than 4% on Thursday after U.S. President Donald Trump said killings of protesters in Iran were ending, cooling fears of U.S. military action that could disrupt supply. Brent, the global benchmark, was down $2.84, or 4.27%, at $63.68 a barrel, while U.S. West Texas Intermediate fell $2.68, or 4.32%, to $59.34 by 1012 GMT.
Chevron stock rises on report U.S. may widen Venezuela license as earnings near

Chevron stock rises on report U.S. may widen Venezuela license as earnings near

Chevron Corp shares climbed 2.1% to $167.24 in after-hours trading Wednesday following a Reuters report that the U.S. is set to broaden the oil giant’s Venezuela license this week. The expanded waiver could allow Chevron to boost production and exports from its joint ventures, which now stand at roughly 240,000 barrels per day, and might also enable trading some crude from state-owned PDVSA, according to three sources in the oil industry.
Chevron stock edges higher after-hours as Venezuela crude shift puts CVX in focus

Chevron stock edges higher after-hours as Venezuela crude shift puts CVX in focus

Chevron Corp shares climbed 0.9% to $163.87 in after-hours trading Tuesday, as sources revealed the oil giant plans to process Venezuelan crude at its Pasadena, Texas, and Pascagoula, Mississippi refineries. The timing for the crude shipments remains unclear, according to the insiders. During the session, CVX shares fluctuated between $162.53 and $166.13.
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