Chevron's $2.322 Billion Trading Day Marred by Venezuelan Disruptions

On April 11, 2025, Chevron (CVX) saw a trading volume of $2.322 billion, ranking 25th in the day's stock market activity. The company's stock price increased by 0.48%.

Chevron's operations in Venezuela have encountered significant disruptions. At least two vessels chartered by Chevron to transport Venezuelan crude oil are currently stalled in Venezuelan waters. This situation arose after Venezuela's state oil company, PDVSA, canceled several authorizations that had been granted to Chevron to load and export Venezuelan crude.

These disruptions are part of a broader policy tightening by the U.S. administration against the Maduro-led regime in Venezuela. The Trump Administration has revoked key licenses for international energy majors, including Chevron, to operate in offshore Venezuelan gas fields and export resources to neighboring Trinidad and Tobago. This move affects Chevron's operations in Venezuela, which were previously allowed under these licenses.

The U.S. has set a deadline of May 27 for oil companies operating in Venezuela, including Chevron, to halt their exports. This deadline adds further pressure on Chevron's operations in the region, as the company must now navigate the complexities of complying with U.S. sanctions while managing its global operations.