Chevron (CVX) Jumps 7.74% Premarket on January 3, 2026 After Venezuela Output Cuts
On January 3, 2026, Chevron Corporation shares climbed 7.74% in premarket trading to $167.94 after Venezuela’s PDVSA cut crude production and exports were halted under a U.S. oil embargo. The move followed a U.S. military operation in Venezuela and has raised questions about Chevron’s extensive operations and long-term exposure in the country’s oil sector.