Increased Venezuelan Oil Supply Could Impact Chevron and Refiners in the U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Barron's
Venezuelan Oil Plan: President Donald Trump announced a plan for Venezuela to potentially supply 30-50 million barrels of oil to the U.S. market.
Impact on U.S. Oil Companies: The plan is expected to have a negligible effect on U.S. oil companies and overall oil supplies.
Market Distortions: This move may indicate the beginning of market distortions in the oil sector.
Geopolitical Implications: The announcement reflects ongoing geopolitical dynamics and the U.S.'s interest in Venezuelan oil resources.
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Analyst Views on PBF
Wall Street analysts forecast PBF stock price to fall
8 Analyst Rating
2 Buy
4 Hold
2 Sell
Hold
Current: 38.120
Low
23.00
Averages
33.63
High
42.00
Current: 38.120
Low
23.00
Averages
33.63
High
42.00
About PBF
PBF Energy Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. The Company operates as a refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. It operates through two segments: Refining and Logistics. The Refining segment includes the operations of its oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey, Toledo, Ohio, Chalmette, Louisiana, Torrance, California and Martinez, California. The Logistics segment includes the operations of PBF Logistics LP, an indirect wholly owned subsidiary of PBF Energy and PBF LLC, which owns or leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Industry Position: As one of the largest independent refiners in North America, PBF Energy operates multiple refineries in California, Delaware, Louisiana, New Jersey, and Ohio, demonstrating its significant position and influence in the energy market.
- Sustainability Commitment: PBF Energy's partnership in the St. Bernard Renewables joint venture focuses on producing next-generation sustainable fuels, indicating the company's strategic investment and long-term planning in environmental protection and sustainability.
See More
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- Company Background: PBF Energy Inc. is one of the largest independent refiners in North America, operating multiple refineries and committed to safe, reliable, and environmentally responsible operations, aiming to provide superior returns to investors, which underscores its leadership position in the industry.
- Sustainable Fuel Partnership: PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture focused on producing next-generation sustainable fuels, indicating the company's strategic commitment to driving energy transition and sustainability.
See More
