Chevron Positioned to Benefit from Venezuelan Rebuild

10 days ago

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

The speaker highlights Chevron's unique position in Venezuela, emphasizing its ability to benefit immediately from US efforts to rebuild Venezuelan energy infrastructure due to a special US permission. The company produces 20% of Venezuela's oil under a sanctions waiver and is thus positioned for near-term upside.

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