Chevron (CVX) Shares Surge 7.74% Amid Venezuela Invasion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 05 2026- Significant Stock Surge: On January 3, 2026, Chevron's shares jumped 7.74% in premarket trading to $167.94, reflecting market sensitivity to the evolving situation in Venezuela, following a prior increase of 2.29% the previous day.
- Production Cuts in Venezuela: The U.S. military action prompted Venezuela's state oil company PDVSA to request joint ventures, including Chevron's, to reduce crude output, creating uncertainty about Chevron's operations and potential future earnings in the region.
- Complex Investment Outlook: Analysts highlight that revitalizing Venezuela's oil industry could require between $65 billion and $100 billion in investments, facing significant hurdles such as political instability and necessary legal reforms, while maintaining a cautious stance on short-term oil price risks.
- Long-Term Market Potential: Despite challenges, RBC Capital analysts suggest that full sanctions relief could unlock several hundred thousand barrels per day of production over a year, indicating that Chevron's long-term investment potential in Venezuela remains viable.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
