Chevron's Operations in Venezuela: Despite U.S. military pressure, Chevron remains the only U.S. company exporting crude from Venezuela without delays, with two ships recently departing for the U.S.
Compliance with Regulations: Chevron asserts that its operations are in full compliance with U.S. laws and sanctions, with about half of its oil production going to the Venezuelan government.
Impact on PDVSA and Oil Discounts: Venezuela's state-owned oil company PDVSA is facing demands for deeper discounts and revised contracts from its customers, particularly for crude sold to China.
Rising Costs for Shipping: The cost of shipping Venezuelan crude has increased due to a "war clause" requested by shipowners, reflecting concerns over potential disruptions from U.S. military activities in the region.
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 73.340
Low
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Current: 73.340
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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.
