The Latest Breaking News from Chevron

Industry insiders say US oil companies want to ‘avoid getting screwed’ and will proceed with extreme caution

Chevron stock jumped after Venezuela’s political shift, but the real opportunity lies in CVX’s unique refining advantage and long-term oil strategy

‘Everybody loses’ if production supercharged in country with largest known oil reserves, critics say

President Trump has set his sights on Venezuela's vast oil reserves, the largest in the world. If consolidated under Washington’s influence, about one third of global oil reserves could end up under US control. Yet, experts are skeptical about Trump's plans, saying it won't be cheap or easy.

President says a ‘tremendous amount of money’ will need to be spent repairing country’s infrastructure

Doubling Venezuela's weakened oil flows could cost $110 billion and take until 2030.

Energy experts say reviving Venezuela’s oil industry could be a decade-long process, and could cost upwards of $100 billion.

American energy corporations are poised for a historic growth cycle as the United States government moves to restore the vast Venezuelan oil sector.

U.S. control of the Venezuelan energy industry could “reshape the balance of power in international energy markets,” analysts with JP Morgan wrote Monday.

Chevron is currently the only major US oil company still operating in Venezuela and exporting crude from the country. Shares of Exxon Mobil and ConocoPhillips rose about 3% each, buoyed by speculation that restrictions barring US firms from Venezuela's oil fields could be eased.

The S&P 500 rallied but failed to turn the "Santa Claus Rally" indicator positive for 2026.