Chevron Corporation

• CVX Stock Price 24h change: +0.48%. From 162.11 USD to 162.89 USD.
• From a technical perspective, Chevron is in a "bullish breakout at overhead resistance": the price recently broke a long-term descending channel and is holding above its 20-day and 50-day moving averages. However, indicators like the Stochastic Oscillator (96.65) and RSI (64) signal the stock is approaching overbought territory, suggesting potential short-term consolidation before a move toward the $169 target.
• Chevron is competing for U.S. government deals to market up to 50 million barrels of Venezuelan oil as the administration moves to secure energy reserves following major geopolitical shifts.
• The company's 2026 capital budget is set at $18-$19 billion, reflecting a strategic shift to prioritize shareholder returns and U.S. upstream operations over aggressive global expansion.
• Analysts expect Chevron to extend its dividend growth streak to 39 years in late January, though the increase may be a modest 3-4% due to lower year-over-year average crude prices.
• Global oil benchmarks Brent and WTI rose over 2% recently as intensifying protests in Iran and escalating supply risks in Russia offset concerns about a projected 2026 global supply surplus.
• U.S. energy officials indicate that expanded licenses for American majors to operate in Venezuela could be fast-tracked to boost domestic refinery margins with cheaper heavy crude.

• CVX Stock Price 24h change: +1.81%. From 159.25 USD to 162.11 USD. The price rose as investors reacted to geopolitical shifts in Venezuela and potential cash flow upside from its established infrastructure there.• From a technical perspective, the stock is in a "Strong Buy" phase but approaching overbought territory: it is trading above its 5-day (161.91) and 50-day (157.65) moving averages, while the RSI near 66 and high Stochastic readings suggest a potential short-term consolidation before further gains.• Chevron is competing with global trading houses like Vitol and Trafigura for control of Venezuelan oil exports following recent U.S. military action and leadership changes in the country.• Analysts at TD Cowen estimate Chevron could see a $400 million to $700 million annual cash flow upside (1-2% of total) by ramping up production from its existing 74,000-acre Venezuelan footprint.• Several hundred protesters gathered at Chevron’s Richmond refinery on January 10 to protest the company’s environmental impact and its continued strategic role in Venezuela's oil sector.• The global oil market faces downward pressure as of early January 2026, with Brent crude near $60 per barrel due to a projected supply surplus of 3.8 million bpd and record U.S. and Guyanese production.• The U.S. power sector is shifting as the "One Big Beautiful Bill Act" rolls back clean energy subsidies, forcing utilities to pivot spending plans amid rising data center demand and 18-cent/kWh average residential rates.