Chevron stock edges up as U.S. flags Venezuela sanctions move; oil prices keep investors cautious

Chevron shares ticked up 0.4% to $162.69 in midday trading Monday, following comments from U.S. Treasury Secretary Scott Bessent that additional sanctions on Venezuela could be eased “as soon as next week” to boost oil exports. “We’re de-sanctioning the oil that’s going to be sold,” Bessent said.

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Oil prices dip on Iran ‘control’ claim; Exxon stock jolts on Trump Venezuela threat

Oil prices dip on Iran ‘control’ claim; Exxon stock jolts on Trump Venezuela threat

By 10:45 a.m. GMT Monday, Brent crude futures dipped 31 cents, or 0.5%, landing at $63.03 a barrel. U.S. West Texas Intermediate slipped 36 cents, or 0.6%, to $58.76. Iran’s foreign minister declared the situation “under total control” following weekend unrest, easing some supply worries. Yet, a rights group reported over 500 deaths. UBS analyst Giovanni Staunovo cited weaker European equities and a “lack of additional supply disruptions,” while MST Marquee’s Saul Kavonic noted the market remains skeptical, still demanding, “Show me the disruption to supply.”
12 January 2026
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Oil stocks brace for Monday as Bessent hints Venezuela sanctions relief; Chevron, Exxon in focus

Oil stocks brace for Monday as Bessent hints Venezuela sanctions relief; Chevron, Exxon in focus

U.S. oil inventories enter the new week with renewed focus on Washington’s timeline for Venezuela. Treasury Secretary Scott Bessent indicated more sanctions could be eased “as soon as next week” to boost oil exports. He mentioned Treasury is considering adjustments to allow proceeds from Venezuela’s oil—mostly stored on ships—to flow back into the country. Bessent also said he plans meetings next week with IMF and World Bank leaders.
11 January 2026
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Chevron stock (CVX) heads into Monday with Venezuela output boost in spotlight

Chevron stock (CVX) heads into Monday with Venezuela output boost in spotlight

Chevron shares rose 1.8% on Friday, closing at $162.11, as investors digested the company’s assertion that it can quickly boost production in Venezuela. At a White House meeting, Vice Chairman Mark Nelson pointed to Chevron’s century-long presence in Venezuela and its unique position as the only U.S. oil major still active there. He claimed Chevron could immediately double crude “liftings” — the volumes loaded for sale — from its joint ventures with PDVSA, the Venezuelan state oil firm. Nelson added, “We are also able to increase our production within our own disciplined investment schemes by about 50% just in the next 18 to 24 months.”
11 January 2026
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Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

U.S. oil stocks showed mixed moves heading into the weekend after executives told President Donald Trump they’d consider returning to Venezuela only if new legal and security assurances are in place. Exxon Mobil rose 1.4%, Chevron climbed 1.8%, while ConocoPhillips dropped 1.2%. Oilfield services players SLB and Halliburton gained roughly 1.8% and 1.4%, respectively. Exxon CEO Darren Woods labeled Venezuela “uninvestable” under current conditions. Chevron Vice Chairman Mark Nelson said the firm could potentially double liftings and boost production by about 50% within 18 to 24 months.
10 January 2026
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Crude oil price stock jumps before the open as Venezuela talks and Iran unrest lift oil-linked shares

Crude oil price stock jumps before the open as Venezuela talks and Iran unrest lift oil-linked shares

Oil-linked shares edged up in U.S. premarket trading on Friday, putting the crude-oil theme back on traders’ screens as geopolitical tensions rekindled demand. Chevron rose 2.6% to $159.25, Exxon Mobil climbed 3.7% to $122.91 and ConocoPhillips advanced 5.1% to $98.72; the United States Oil Fund gained about 4.1% to $70.54.
9 January 2026
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Chevron stock jumps after hours as Venezuela licence talks put CVX back in play

Chevron stock jumps after hours as Venezuela licence talks put CVX back in play

Chevron Corp shares rose 2.6% in after-hours trading on Thursday after a Reuters report said the oil major is in talks with Washington to expand its Venezuela licence, which could let it ship more crude to its refineries and sell to other buyers. The stock was at $159.25. Tighter terms imposed in July cut the company’s Venezuelan exports to about 100,000 barrels per day in December from 250,000 earlier this year, sources said. Reuters
9 January 2026
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Chevron stock slips before the open on Venezuela license talks — what investors watch next

Chevron stock slips before the open on Venezuela license talks — what investors watch next

Chevron stock fell 0.8% to $155.20 in premarket trading on Thursday after Reuters reported the oil major is in talks with the U.S. government to expand a key Venezuela operating license. The potential change could lift exports back toward earlier levels — after they were cut to about 100,000 barrels per day in December from roughly 250,000 earlier in the year — and allow Chevron to sell Venezuelan crude beyond its own refineries, sources familiar with the talks said. Reuters
8 January 2026
Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next

Oil stocks slide before the open as Exxon flags up to a $1.2 billion hit — what to watch next

Oil stocks fell in U.S. premarket trade on Thursday, led by Exxon Mobil down 2.1% and ConocoPhillips off 3.3%. Exxon slid after it said in a regulatory filing that lower crude prices could cut fourth-quarter upstream earnings by about $800 million to $1.2 billion. Chevron was down 0.8% and the Vanguard Energy ETF, a broad gauge of the sector, dipped about 1%. Reuters
8 January 2026
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Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude

Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude

Chevron Corp shares slipped in after-hours trade on Wednesday after a report said the oil major could team up with private equity group Quantum Energy Partners to bid for Lukoil’s international assets, valued by the Russian producer at $22 billion. The stock was down 0.8% at $155.20. A Chevron spokesperson said the company “continues to assess potential opportunities,” but declined to comment on commercial matters. Reuters
8 January 2026
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Chevron stock price forecast: CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

Chevron stock price forecast: CVX slips as $22 bln Lukoil bid talk and Venezuela oil control jolt the outlook

Chevron fell 0.9% to $155.17 in afternoon trade after Reuters reported private equity group Quantum Energy Partners is working on a bid that could involve the U.S. oil major for Lukoil’s international assets. A Chevron spokesperson said the company “continues to assess potential opportunities,” but declined to comment on commercial matters. Reuters
7 January 2026
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Oil price forecast: Brent, WTI slide on Trump Venezuela move as 2026 surplus looms

Oil price forecast: Brent, WTI slide on Trump Venezuela move as 2026 surplus looms

Oil prices fell on Wednesday after President Donald Trump said Venezuela would turn over 30 million to 50 million barrels of sanctioned crude to the United States, feeding fears of more supply in an already well-stocked market. Brent crude futures were down 40 cents, or 0.7%, at $60.31 a barrel by 11:05 a.m. ET, after touching $59.88, and U.S. West Texas Intermediate was down 74 cents, or 1.3%, at $56.39 after hitting $55.76; both benchmarks slid more than $1 in the previous session. SEB analyst Ole Hvalbye called the volumes small next to the U.S. Strategic Petroleum Reserve, the emergency stockpile, while Morgan Stanley estimated the market could tip into a surplus of up to 3 million barrels per day in the first half of 2026. Reuters
7 January 2026
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Trump’s Venezuela oil plan starts now: 30–50 million barrels headed for U.S.

Trump’s Venezuela oil plan starts now: 30–50 million barrels headed for U.S.

The Trump administration will start moving Venezuelan crude to the United States immediately, shipping an initial 30 million to 50 million barrels and keeping sales running indefinitely, a senior Trump administration official said on Wednesday. The official said Washington would selectively ease sanctions to help keep Venezuelan crude and refined products flowing to global markets. Reuters
7 January 2026
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