Chevron stock rises as Reuters reports March surge in Venezuelan crude exports to U.S.
Chevron shares rose 0.5% to $169.91 Wednesday after Reuters reported the company plans to boost Venezuelan crude exports to about 300,000 barrels per day in March. Oil prices climbed over 1%, lifting energy stocks and sending the S&P 500 energy sector up 0.7%. Chevron traded between $168.20 and $170.42 on 6.8 million shares. Investors await Chevron’s earnings and outlook Friday.