Chevron stock jumps 5% on Venezuela shake-up; what investors are watching next
New York, January 5, 2026, 15:27 ET — Regular session Chevron (CVX) shares were up $8.62, or 5.5%, at $164.52 in afternoon trading, after earlier touching $171.50. The move followed weekend developments in Venezuela and U.S. comments pointing to a push for American oil companies to help rebuild the country’s oil industry, a jolt that lifted the broader energy complex. AP News Chevron is seen as the most direct U.S. beneficiary because it is the only U.S. major still operating in Venezuela under a U.S. waiver — a license that allows limited activity despite sanctions. “This type of crude aligns