Energy Stocks Head Into MLK Break as Oil Firms Up — What Traders Watch Next
U.S. energy shares edged up on Friday, with the Energy Select Sector SPDR Fund finishing at $47.69, a modest gain of 0.17%.
Chevron stock price near $166 after Venezuela license talk; Leviathan gas expansion also in view
Chevron Corp shares nudged up 0.1% to close at $166.26 on Friday after U.S. Energy Secretary Chris Wright told Reuters the U.S. is pushing “as fast as it can” to broaden Chevron’s Venezuela license. Wright explained the updated terms would shift payments to cash rather than crude, letting Chevron sell all the oil it produces there. Currently, the company pays royalties and taxes in oil and exports about half its output. Chevron did not immediately comment.
Oil stocks head into long weekend with Iran risk in focus as Exxon, Chevron earnings near
U.S. oil inventories edged up slightly on Friday as crude prices finished the day stronger. Investors, cautious of new geopolitical developments, prepared for the long weekend ahead.
Chevron stock: Venezuela license shift and Leviathan gas bet put CVX back on watch
Chevron shares ticked up 0.1% to $166.26 by Friday’s close. U.S. Energy Secretary Chris Wright told Reuters that Washington is accelerating efforts to broaden Chevron’s Venezuela license—a waiver under U.S. sanctions—allowing the company to pay the Venezuelan government in cash rather than crude and act as “another marketer of crude.”
Chevron stock price: Venezuela license shift and Leviathan expansion put CVX in focus after the close
Shares of Chevron Corporation ticked up 0.1% to $166.26 at Friday’s close after U.S. Energy Secretary Chris Wright announced that Washington is pushing “as fast as it can” to broaden Chevron’s license to operate in Venezuela. Under the new terms, Chevron would be allowed to pay the Venezuelan government in cash rather than crude, turning it into “another marketer of crude,” Wright said.
Oil stocks this week: Chevron, Exxon rise as U.S. moves to widen Venezuela license
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. He also revealed that Washington is marketing up to 50 million barrels of stranded Venezuelan crude, with the proceeds held in Qatari bank accounts under U.S. government control.
Chevron stock ticks up as Leviathan gas expansion, Venezuela swing keep CVX in focus
Chevron shares edged up 0.4% to $166.88 around midday, underperforming Exxon Mobil, which climbed 0.6%. ConocoPhillips, meanwhile, dropped 1.2%.
Chevron (CVX) stock slips as oil drops 4% — and a Venezuela license decision is in focus
Chevron Corp shares slipped roughly 0.6% to $166.16 Thursday as oil prices dropped about 4%, easing concerns over a potential Iran supply disruption. Phil Flynn, senior analyst at Price Futures Group, noted the shift from a “high likelihood … to a low likelihood,” citing how geopolitical tensions quickly cooled following President Donald Trump’s recent comments.
ConocoPhillips stock slips in regular session as oil tumbles — what to watch before Feb. 5 earnings
ConocoPhillips shares slipped 0.6% to $99.69 in early afternoon trading on Thursday, tracking a sharp drop in crude prices. Exxon Mobil fell 0.4%, Chevron lost 0.3% and Occidental Petroleum dropped about 2.4%.
Chevron stock slips as Venezuela license expansion nears; Jefferies lifts target before earnings
Chevron shares dipped Thursday following a Reuters report that the U.S. is likely to expand the oil giant’s Venezuela license, potentially boosting production and exports. The stock slid 0.8% to $165.94 in morning trading.
Crude oil price tumbles on Iran de-escalation; USO stock slips before the bell
Crude oil prices tumbled more than 3% on Thursday after U.S. President Donald Trump said killings in Iran’s crackdown on protests were stopping, easing fears of a supply shock. Brent was down $2.19 at $64.33 a barrel and U.S. West Texas Intermediate fell $2.06 to $59.96, while Saxo Bank’s Ole Hansen said “the immediate risk premium has softened but is unlikely to go away.”
Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket
Oil prices fell more than 4% on Thursday after U.S. President Donald Trump said killings of protesters in Iran were ending, cooling fears of U.S. military action that could disrupt supply. Brent, the global benchmark, was down $2.84, or 4.27%, at $63.68 a barrel, while U.S. West Texas Intermediate fell $2.68, or 4.32%, to $59.34 by 1012 GMT.
Chevron stock rises on report U.S. may widen Venezuela license as earnings near
Chevron Corp shares climbed 2.1% to $167.24 in after-hours trading Wednesday following a Reuters report that the U.S. is set to broaden the oil giant’s Venezuela license this week. The expanded waiver could allow Chevron to boost production and exports from its joint ventures, which now stand at roughly 240,000 barrels per day, and might also enable trading some crude from state-owned PDVSA, according to three sources in the oil industry.
Chevron stock climbs as Black Sea tanker attacks jolt oil-risk trade for CVX
Shares of Chevron Corp climbed almost 2% on Wednesday, bucking the broader market's decline. Traders favored energy stocks following new drone strikes in the Black Sea, which rattled crude supply lines. Chevron traded up 1.9% to $167.01 by midday.
Crude oil price climbs on Iran fears, lifting USO ETF and oil stocks before U.S. inventory data
Crude oil prices were firmer early Wednesday, nudging oil-linked ETFs and U.S. energy stocks higher before the opening bell.
Chevron stock edges higher after-hours as Venezuela crude shift puts CVX in focus
Chevron Corp shares climbed 0.9% to $163.87 in after-hours trading Tuesday, as sources revealed the oil giant plans to process Venezuelan crude at its Pasadena, Texas, and Pascagoula, Mississippi refineries. The timing for the crude shipments remains unclear, according to the insiders. During the session, CVX shares fluctuated between $162.53 and $166.13.
Chevron stock climbs as oil jumps, but drones and a Jan. 17 deadline keep CVX traders on edge
Shares of Chevron Corporation rose roughly 2.2%, reaching $165.95 in Tuesday afternoon trading.
Oil prices jump on Iran unrest as Exxon stock slips premarket; Venezuela barrels in focus
Oil prices climbed early Tuesday, with Brent futures rising $1.06, or 1.7%, to $64.93 a barrel. U.S. West Texas Intermediate gained $1.02, also 1.7%, reaching $60.52, close to their strongest points since mid-November. Barclays estimated the geopolitical “risk premium”—the extra cost traders factor in for possible supply disruptions—at around $3-$4 a barrel. Brent’s premium over Dubai, a key Middle East benchmark, also stretched to its widest since July, according to LSEG data. John Evans, analyst at PVM Oil Associates, noted, “The oil market is building in some price protection against geopolitical drivers.”
Chevron (CVX) stock holds steady after report puts it in $22 billion Lukoil asset race
Chevron Corp shares nudged up 0.2% in after-hours Monday, closing at $162.34. The stock held firm after Reuters reported that Chevron, paired with private-equity firm Quantum Capital Group, is among the top contenders to acquire Lukoil’s $22 billion overseas portfolio. This includes oil fields in Iraq, Azerbaijan, Kazakhstan, plus refineries and fuel stations across Europe and the U.S., all ahead of a Jan. 17 U.S. deadline. Also bidding are private equity heavyweight Carlyle and Abu Dhabi’s International Holding Company. Any deal would require approval from the U.S. Treasury’s Office of Foreign Assets Control, which has already blocked two previous attempts, according to the report.
Exxon stock slips after Trump hints at Venezuela block — what to watch before Tuesday
Exxon Mobil shares slipped in after-hours trading Monday following President Donald Trump’s comment that he might block the oil giant from Venezuela’s reopening—a rare public rebuke aimed at the company’s CEO.
TechStock² Updates
