Houston American Energy Corp. shares rise 1.86% after-hours as Chevron's Venezuelan oil exports halved under new US rules.

Houston American Energy Corp. rose 1.86% in after-hours trading. The company's stock price increase may be attributed to the news that Eli Lilly and Company plans to build a $6.5 billion manufacturing facility in Houston, Texas. This new facility will focus on manufacturing small molecule medicines across various therapeutic areas, including cardiometabolic health, oncology, immunology, and neuroscience. The project is expected to create 4,615 manufacturing and construction jobs, which could positively impact the local economy and potentially benefit Houston American Energy Corp.