Chevron to Significantly Boost Venezuelan Oil Exports to US Starting in March

Chevron is preparing to significantly increase its Venezuelan oil exports to the U.S. starting in March 2026, capitalizing on the U.S. government signaling an expanded operating license following the broader easing of sanctions.

• This strategic move allows Chevron to boost production from its joint ventures with state-owned PDVSA.
• The stock closed slightly higher at $169.93 (+0.52%) on January 28 amid the positive operational outlook.