Chevron CEO Mike Wirth Highlights Two Factors Behind The $7B-Plus Venezuela Bet
Chevron is set to invest more than $7 billion over the next five years in Venezuela and more than double production compared with 2026 levels
Stocktwits
More News
Trump’s Venezuela Oil Deal Sounds Huge, But It Won’t Slash Gas Prices Anytime Soon — Analyst Explains Why
Patrick De Haan, an analyst at GasBuddy, believes that even with the deal with Venezuela, oil and gas prices will take years to stabilize.
Stocktwits
Crude’s Hot Trade Is Getting Crowded – And One Investor Says He’d ‘Definitely Pass’ On Oil Stocks
In a post on X on Thursday, the Kobeissi Letter pointed out that energy stocks are seeing unprecedented demand from hedge funds.
Stocktwits
Trump Threatens To Bomb Oman If It Interferes With US-Iran’s Strait Of Hormuz Negotiations — Dow Futures Edge Lower, Crude Oil Prices Inch Up
According to a Fox News report, Trump issued the threat when asked about parallel talks between Iran and Oman over control of the Strait of Hormuz.
Stocktwits
Brent Crude Nears $89 As Hormuz Stays Disrupted – Exxon, Chevron And Shell Rack Up Record Cash Flow
As passage of oil through the Strait of Hormuz remains shrouded in uncertainty, the world's largest oil companies are stocking up their cash reserves, according to The Kobeissi Letter.
Stocktwits
MPC, PSX Stocks Hit All-Time Highs – What’s Driving The Rally In These Energy Stocks?
Marathon Petroleum and Phillips 66 shares gained more than 3% each on Tuesday, helped by higher crude prices, while PSX stock also rose after finalizing a JV agreement for a $5 billion pipeline.
Stocktwits
Dow, S&P 500 Hit All-Time High After Bessent Says US-Iran Could Reach A Deal To Reopen Strait Of Hormuz
During an interview with CNBC, Bessent said that the U.S. is in talks with Iranians on allowing free navigation for commercial ships in the Strait of Hormuz.
Stocktwits
Dow Soars Over 600 Points, Crude Headed For Biggest Single-Day Fall In Over 6 Weeks After Trump Calls Off Iran Strikes
U.S. West Texas Intermediate crude futures were headed for their biggest single-day decline in more than six weeks.
Stocktwits
Dow Tumbles Over 850 Points – Trump's Latest Iran Warning Sends Crude Oil Prices Soaring Ahead Of Fed Decision
During an interview with Fox News on Wednesday, Trump warned that the United States will be “hitting Iran hard” following the attack on U.S. bases in Jordan.
Stocktwits
Fed’s Kevin Warsh Faces Oil-Driven Inflation Test — Jeremy Siegel Sees 5%-10% Upside For Markets If Strait Of Hormuz Reopens
Siegel expects the Fed to leave interest rates unchanged, but added that investors will closely watch what Warsh thinks about the impact of higher oil prices on inflation.