Exxon, Chevron see glimmer of Venezuela's potential
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Chevron Beats Earnings As Oil Prices Rise
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Is it time to follow the smart money's lead?
The research firm forecasts that Chevron Corporation (NYSE:CVX) will report adjusted earnings per share of $1.45, or about 2% above Wall Street’s expectations. According to Jefferies, investors are expected to focus on topics like developments in Venezuela, production at TCO, an update on the El Segundo fire, and the company’s gas-to-AI outlook.
Chevron Q4 earnings preview. Key focus on Venezuela operations, Hess acquisition, and analyst estimates as stock hits a 52-week high.
Investors don't need to worry about this oil major's sterling dividend track record or its future.
Disclosures show Sen. Markwayne Mullin purchased Chevron and Raytheon stock days before U.S. forces captured Venezuelan President Nicolás Maduro.
Chevron Corp (NYSE:CVX) is negotiating with the Trump administration to expand its Venezuela oil license, aiming to boost exports to 300,000 barrels per day by March. The move comes as Trump pivots toward energy independence policies,
Chevron is the only U.S. oil major operating in Venezuela through a special license issued by the Treasury Department.
On January 27, BofA lifted its price target on Chevron Corporation (NYSE:CVX) to $188 from $180. It also kept a Buy rating on the stock.