President Donald Trump ordered a blockade of all sanctioned oil tankers entering or leaving Venezuela, escalating pressure on Nicolas Maduro’s government by targeting its primary revenue source, Reuters’ Idrees Ali, Phil Stewart, Shariq Khan, and Marianna Parraga report. Details of enforcement remain unclear, though the administration has surged troops and naval assets, including an aircraft carrier, to the region. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- Unusually active option classes on open December 16th
- Shell CEO, CFO blocked internal proposal to buy BP, FT says
- M&A News: BP Stock (BP) Leaks as Hopes of Bid by Rival Shell Knocked By Executive Spat
- BP price target raised to 590 GBp from 525 GBp at Barclays
- “Money Over Planet”: Shell Sued on Claims of Climate Change Role in Deadly Philippines Storm