Chevron (CVX) News Today

Chevron Co. (CVX) – Shares have traded lower amid mixed catalysts. Investors are weighing newly granted Venezuelan licenses and long-term upside from Guyana against near-term earnings pressure, legal uncertainty and ongoing U.S. import restrictions.

• U.S. grants Chevron a narrow license to preserve and maintain its Venezuelan oil assets, enabling safety and infrastructure work.
• Chevron expects to receive a limited maintenance license for Venezuela operations as U.S. policy shifts back toward stricter sanctions.
• Analysts point to Chevron’s Guyana oilfields, disciplined capital allocation and current valuation as drivers for a potential 2026 rally (price target ~$165.73).
• The U.S. ban on Venezuelan oil imports remains in place, preventing full restart of crude flows.
• Chevron and Exxon are in arbitration over Hess Corp’s 30% stake in Guyana’s Stabroek Block; the outcome will shape access to large-scale reserves.
• Reports suggest Warren Buffett continues to trim his highest-yielding stock positions, which may include Chevron.
• Chevron’s stock saw a 3.9% pullback recently, extending one-year losses and raising the risk of institutional rebalancing.
• Recent quarterly earnings fell short of expectations, challenged by volatile oil prices and weaker refining margins.
• Legal uncertainty around the $53 billion Hess acquisition and the ongoing arbitration with Exxon could delay Guyana-related production growth.