Chevron stock (CVX) slips after hours as Lukoil bid talk swirls and Venezuela oil deal drags crude
Chevron shares fell 0.8% to $155.20 in after-hours trading after reports it may bid for Lukoil’s $22 billion international assets with Quantum Energy Partners. Oil prices dropped, with Brent settling at $59.96 a barrel, as the U.S. struck a deal to import Venezuelan crude, now exported by Chevron under U.S. authorization at up to 150,000 bpd.