Venezuela Oil Exports to U.S. Hit 786,000 bpd, Highest Since 2019; Chevron Volumes Steady
CVX sits 32% above its 52-week low of $146.49.
Summary
Venezuela's total oil exports dipped slightly to 1.16 million bpd in July, but shipments to the U.S. surged to 786,000 bpd — the highest since early 2019 — driven by the January supply pact. Chevron's own exports held steady at 293,000 bpd, showing no disruption. This follows Chevron's blowout Q2 earnings and record U.S. production, reinforcing its operational stability in a geopolitically sensitive region. The data confirms that Chevron's Venezuelan operations remain a consistent, material contributor amid shifting global flows.
At the time of this announcement, CVX was trading at $192.87 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $384.7B. The 52-week trading range was $146.49 to $214.71. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.