Chevron stock (CVX) set for Monday focus after Venezuela talks; Tengiz outage lingers
Chevron shares closed at $166.72, up 0.04%, after reports the U.S. is discussing a plan with Chevron to boost Venezuela’s crude output. Oil prices surged Friday, with Brent closing at $65.88 and WTI at $61.07, amid Middle East tensions. Chevron’s Kazakhstan operations remain halted after a fire, with crude output sharply reduced. Neither Chevron nor the White House commented on the Venezuela talks.