Chevron stock in spotlight after U.S. Venezuela embargo halts cargoes ahead of Monday
NEW YORK, Jan 4, 2026, 20:41 ET — Market closed Chevron (CVX.N) will be in focus when U.S. markets reopen Monday after Venezuela’s PDVSA began cutting crude output as a U.S. oil embargo choked exports, Reuters reported on Sunday. Shipping data showed even Chevron cargoes bound for the United States — previously moving under a Washington licence — have not left Venezuelan waters since Thursday, while more than 17 million barrels sat in ships offshore. PDVSA has asked joint ventures including Chevron’s to curb output as storage fills, and Chevron said it continues to operate in full compliance with relevant