Chevron remained resilient despite a broad market sell-off, closing down only 0.58%, as the company nears U.S. regulatory approval for an expanded operating license in Venezuela.
- U.S. Energy Secretary Chris Wright confirmed that Washington is "moving as fast as it can" to grant the necessary authorization.
- The expanded license is expected to allow Chevron to ramp up its Venezuelan production by 50%, reaching 360,000 barrels per day.