Chevron stock price: Venezuela repair plan and Tengiz shutdown put CVX in the spotlight
Chevron shares closed up 0.04% at $166.72 after reports said Washington is negotiating with Chevron and oilfield service firms to speed repairs and raise Venezuela’s crude output. Production at Chevron’s Tengiz and Korolev fields in Kazakhstan remains halted after a fire, with repairs expected to finish by January 26. Brent crude rose 2.8% to $65.88 a barrel. Morgan Stanley cut its Chevron price target to $174.