Maduro, Chevron and capture of Venezuelan
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Chevron (CVX) in focus amid Venezuela’s regime change: see Quant ratings, analyst buy calls, and $172 price target upside—get the latest stock outlook now.
The Dow Jones Industrial Average rose to a fresh intraday high in late morning trade on Monday, with shares of oil producer Chevron Corp. posting the biggest gains in the stock market index. The Dow rose to session high of 49,
Chevron Corporation (CVX) shares are trading higher but there is a chance they find resistance around the $169 level.
Chevron Corporation is upgraded to Buy, driven by its unique first-mover advantage in Venezuela’s oil sector. Click here to read an analysis of CVX stock now.
Chevron, the last oil major still operating in Venezuela, surges following the U.S. capture of President Nicolás Maduro.
Venezuela's regime reset has reopened the door to oil investors, but the impact is selective. Chevron gains leverage while Exxon seeks legal recovery.