Chevron (CVX) is in discussions with the U.S government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, Reuter’s Marianna Parraga reports, citing four sources close to the negotiations.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Midday Fly By: Warner Bros. urges holders to reject Paramount bid
- Trump Trade: Trump says Venezuela to give U.S. up to 50M barrels of oil
- Morning Movers: GameStop up after granting stock option award to Cohen
- Chevron, Quantum Capital work on bid for Lukoil assets, FT says
- Trump says Venezuela to give U.S. up to 50M barrels of oil