Chevron Shares Rise 0.90% on Resumed Venezuelan Oil Exports, Trading Volume Ranks 36th

On August 15, 2025, Chevron (CVX) rose 0.90% with a trading volume of $1.82 billion, ranking 36th in market activity. The move followed the resumption of Venezuelan oil exports under a renewed U.S. license. Two tankers carrying Hamaca and Boscan crude departed Venezuela for U.S. refineries, marking the first shipments since July’s regulatory shift. This policy reversal from stricter Trump-era sanctions enables Chevron to access a key crude grade favored by Gulf Coast refineries.

The development aligns with CEO Mike Wirth’s earlier indication of limited-volume resumption. Chevron previously supplied 29% of Venezuela’s total U.S. exports in Q1 2025. The company emphasized compliance with U.S. sanctions frameworks. Separate negotiations with Valero Energy to share Venezuelan crude supplies could further solidify Chevron’s market position in the short term.

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