Chevron Faces Venezuela Setback - Is the Stock Still a Hold?
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Chevron (CVX) has been given a 30-day notice by the Trump administration to cease its oil operations in Venezuela, which could impact its stock performance.
March 06, 2025 | 3:15 pm
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Chevron has been ordered by the Trump administration to stop its oil operations in Venezuela within 30 days. This regulatory action could affect Chevron's stock as it may impact its oil production and sales.
The order to stop operations in Venezuela is a significant regulatory challenge for Chevron, potentially affecting its oil production and revenue. This could lead to a negative short-term impact on its stock price.
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