Oil stocks this week: Chevron, Exxon rise as U.S. moves to widen Venezuela license
NEW YORK, Jan 16, 2026, 19:24 EST Energy Secretary Chris Wright told Reuters on Friday that the U.S. is moving “as fast as it can” to expand Chevron’s Venezuela license, enabling the company to pay royalties and taxes in cash. This shift would let Chevron sell all its Venezuelan crude outright, instead of compensating the government with oil, Wright explained.…