Chevron Positioned to Benefit from Venezuelan Rebuild

10 days ago

"So I want to start with Chevron. Their shares have been up as much as 10%. It's the only American oil major currently operating Venezuela that was under a special U.S. permission. So it's really best positioned to immediately benefit from greater U.S. access. They produce about 20% of the country's oil under a sanctions waiver. They ship to the crude to U.S. refineries."

The speaker highlights Chevron as uniquely positioned among U.S. oil majors to benefit from the upcoming spending to rebuild Venezuela's energy infrastructure, given its special sanction waiver and significant operational presence in the country.

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