CHEVRON (CVX) Company Report

Cyera raised $400 million in a Series F round led by Blackstone, bringing total funding to $1.7 billion and tripling its valuation to $9 billion.
The funding underscores rapid growth, with 3.4× revenue increase and securing data for 20% of the Fortune 500.
Jon Raper, Chevron’s Chief Information Security Officer, emphasized the need for unified data security to protect complex environments and maintain trust.
The company expanded to 15 countries, grew to 1,100 employees, and forged partnerships with Microsoft Purview, AWS, and Cohesity to enhance its AI-native security platform.

6 days ago

Press Release

Chevron eyeing return amid U.S. takeover of Venezuelan oil sales

CVX

U.S. seizes 30–50 million barrels of Venezuelan crude (worth roughly $2.8 billion) and will control future oil sales indefinitely as part of a three-phase plan of stabilization, recovery and political transition.
Proceeds from these sales will be placed in U.S.-controlled accounts to fund Venezuelan relief and leverage political and economic change.
Washington plans to selectively ease sanctions, supply diluents and spare parts, route crude to U.S. refineries and engage major U.S. oil companies, including Chevron, to rebuild production and refining capacity.
Restoration to pre-crisis output is expected to require “tens of billions” of dollars and 5–10 years, with industry experts skeptical of rapid investment due to political, security and debt risks.

6 days ago

Bloomberg

Chevron, Quantum plan $22bn Lukoil asset bid

CVX

Takeover Bid

M&A

Chevron and Quantum are preparing a joint $22 billion bid for Lukoil’s non-Russian assets, including production stakes, refineries and over 2,000 fuel stations, such as the Teboil chain.
The package covers oil and gas fields in Kazakhstan and Nigeria, with assets to be divided between the two parties.
U.S. sanctions on Lukoil in October 2025 spurred the sale, and the Treasury has issued a license allowing negotiations through Jan. 17, subject to presidential approval.
Other suitors linked to the assets include Carlyle (with Goldman Sachs), ExxonMobil, Abu Dhabi’s IHC and Saudi Arabia’s Midad Energy.

7 days ago

Bloomberg

Chevron to Join U.S. Talks on Venezuela Oil Revival

CVX

New Projects/Investments

The Trump administration, led by Energy Secretary Chris Wright, will meet with Chevron and other U.S. oil majors at the Goldman Sachs Energy conference to discuss reviving Venezuela’s oil industry following the capture of Nicolás Maduro.
Chevron remains the only U.S. supermajor still operating in Venezuela under a special U.S. Treasury license, after ExxonMobil and ConocoPhillips exited post-nationalizations.
U.S. oil firms will not commit investments solely on Maduro’s removal, seeking assurances of a stable government, rule of law, and Washington’s support beyond the current administration.
Market reaction was muted, with WTI trading around $58.00–$58.25 per barrel following the news.

Jan 5, 2026, 6:14 PM

Bloomberg

Chevron shares gain as Dow hits record after Maduro capture

CVX

The Dow reached a record, driven by energy stocks, as Chevron jumped 5.8% and Exxon Mobil rose 2.4% following reports of President Maduro’s capture in Venezuela.
The S&P energy index climbed to levels not seen since March 2025, reflecting broad investor optimism in the sector.
Analysts say Chevron is best positioned to benefit due to its stakes in four joint ventures and an offshore gas field in Venezuela exporting about 150,000 barrels per day under U.S. licences.
Restoring meaningful oil production in Venezuela will require tens of billions of dollars in infrastructure investment, potentially delaying significant output gains.
Financial shares also led gains, with Goldman Sachs and JPMorgan outperforming ahead of earnings, while crypto-linked stocks rose amid a bitcoin rally.

Jan 5, 2026, 4:11 PM

Morningstar

Chevron sees market rally after Venezuelan president capture

CVX

Legal Proceedings

U.S. military operation captured Venezuelan President Nicolás Maduro, charging him with narco-terrorism conspiracy and related offenses.
U.S. equities surged, with the Dow up 594.79 points to 48,977.18 on expectations of stability in oil markets.
Energy stocks outperformed; Chevron shares rose 5.1% amid hopes of participating in Venezuela’s oil-sector rebuilding.
Venezuela’s key oil facilities remained operational, with exports around 700,000 barrels per day against over 100 million bpd global supply.

Jan 4, 2026, 11:51 PM

Bloomberg

Chevron continues Venezuelan crude shipments to U.S. Gulf Coast ports

CVX

Chevron has continued to unload Venezuelan crude at U.S. Gulf Coast ports under its U.S. licence despite the partial maritime blockade.
It is the only U.S. oil firm authorised to produce and export from Venezuela, operating through joint ventures with PDVSA and restricting proceeds to debt repayment.
At least 10 cargoes are bound for U.S. delivery in January, with additional ships reported en route, while unauthorised shipments face tighter enforcement.
Any change to licence terms could quickly affect Venezuelan output and refinery sourcing on the Gulf Coast.

Dec 29, 2025, 6:58 PM

Bloomberg

Chevron stays in Venezuela despite U.S. crackdown

CVX

Chevron remains the only major Western oil company operating in Venezuela under special U.S. licenses, producing ~200,000 bpd through PDVSA joint ventures.
The company had planned to export ~1 million barrels under authorizations bypassing some sanctions, but shipments stalled after a U.S. tanker seizure near Venezuela on Dec. 20, 2025.
The escalation has increased operational and compliance risk, even as investors weigh Venezuela headline risk against growth in Guyana, disciplined capital spending, and shareholder returns.
Both the Maduro government and the U.S. view Chevron as strategically useful, heightening Chevron’s geopolitical upside and downside exposure, with shares trading in the mid-$140s.

Dec 20, 2025, 2:34 PM

Bloomberg

Chevron-backed Leviathan gas export deal approved by Israel

CVX

New Projects/Investments

Israel approved its largest-ever natural gas export deal, enabling Chevron and partners to supply Egypt from the Leviathan field in a pact valued at about NIS 112 billion.
The phased export agreement allows up to 130.9 billion cubic meters of gas, with the first expansion (~20.7 Bcm at 1,850 MMscf/day) and second (~95.6 Bcm at 2,100 MMscf/day) tied to production milestones.
Sellers anticipate roughly $35 billion in export revenues and expect to channel about NIS 58 billion into state coffers.
Completion of expansion works and the Nitzana pipeline is forecast around 2029, with Israeli state receipts rising from NIS 500 million in the first four years to NIS 6 billion annually by 2033.

Dec 17, 2025, 8:29 PM

WSJ

Maurel & Prom signs SPA to acquire interests in Chevron-operated Blocks 14 & 14K

CVX

M&A

New Projects/Investments

Signed a Sale and Purchase Agreement to acquire a 20% interest in Block 14 (10% net to M&P) and a 10% interest in Block 14K (5% net) from Azule Energy, offshore Angola
Block 14 currently produces ~40 kbopd gross (~4 kbopd net) across nine fields; Block 14K produces ~2 kbopd gross (~0.1 kbopd net) via a subsea tie-back to Block 14
Transaction consideration of $195 million ($97.5 million net) with a $12 million deposit ($6 million net), balance at closing, plus contingent payments up to $115 million ($57.5 million net) based on Brent prices and production milestones
Closing expected mid-2026, subject to Angolan and Congolese regulatory approvals, complementing M&P’s existing Angola portfolio and growth strategy