Chevron Stock: Trump Reverses Venezuela Oil Policy

Chevron's stock climbed to $155.93 on Thursday—its highest level since April 3—following reports that the Trump administration is preparing to grant limited oil operation permits in Venezuela, with the American energy giant potentially becoming the first beneficiary. This marks a significant policy reversal after Trump had canceled all Venezuela energy licenses in February and given Chevron until May to wind down operations. The shift comes in the wake of a recent prisoner exchange between the two countries, which appears to have created new negotiation opportunities. Five insider sources confirmed Washington's readiness to allow Chevron and possibly European partners like Eni and Repsol to resume restricted activities in the sanctioned OPEC nation, enabling them to pay contractors and make necessary imports, partially in exchange for Venezuelan oil.

No Financial Benefits for Maduro Regime

The proposed arrangement includes strict conditions that no money—neither taxes nor licensing fees—would flow to President Nicolás Maduro's government. Foreign Minister Marco Rubio, who previously blocked license extensions in May, is now reportedly negotiating the scope of these permits rather than categorically prohibiting them. The news boosted not only Chevron's market performance but created positive sentiment across the entire energy sector on Thursday, with several oil and gas companies seeing gains in their stock prices.

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Source StockWorld