Chevron stock slips as Venezuela license expansion nears; Jefferies lifts target before earnings
Chevron shares fell 0.8% to $165.94 Thursday after reports the U.S. may expand the oil giant’s Venezuela license, allowing more crude exports. Brent crude dropped over 4% to about $64 a barrel as supply fears eased. Chevron’s stock had risen nearly 9% since U.S. forces ousted Venezuela’s Maduro earlier this month. The company reports earnings Jan. 30.