Link here. Posted yesterday, Friday after the close, at SeekingAlpha.
Chevron shares snaps six straight sessions of gains, as the stock closed 0.33% lower at $164.22 on Friday.
The oil giant gained over 7% in the preceding six sessions. The stock has gained more than 13.5% so far this year, compared to nearly 4% decline in the broader S&P 500 Index.
CVX is up 3.26% over the past one month. The stock closed 0.44% higher on Thursday at $164.77.
The Trump administration is poised to extend Chevron's deadline to halt its Venezuela operations for at least another 30 days, Bloomberg reported Thursday. CEO Mike Wirth asked for a possible extension during a meeting Wednesday with President Trump and other oil executives at the White House, where Trump expressed openness to the idea, according to the report.
What could possibly convince Trump to change his mind about Venezuela / Chevron?
It's simple.If Chevron has to give up its Venezuelan assets, Venezuela will simply let China take Chevron's place. LOL.Of course, this all begs a concerning question. What happens if Venezuela doesn't want to take CVX back?
By the way, how is OXY doing?
- down almost 4% YTD -- matching the S&P; but down an astounding ...
- 25% in the past full year.
And even so, pays half what CVX pays.
And with a P/E of 21, OXY could continue falling a bit more.
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