|
Feb 13, 2026
|
|
LONG
|
US Energy Secretary Chris Wright stated Chevron (CVX) is the largest producer in Venezuela and will "massively grow" operations there over the next 18-24 months via new licenses. The US government is explicitly backing Chevron's expansion to displace geopolitical rivals. This provides a state-sanctioned growth wedge for CVX that peers lack. LONG. Geopolitical alpha combined with energy production growth. Venezuelan political instability; oil price crash. |
Bloomberg Markets
Inflation Data Calms Markets | Bloomberg Open...
|
|
Feb 12, 2026
|
|
WATCH
|
US Energy Secretary Chris Wright is in Venezuela to help raise oil output; Chevron is explicitly mentioned as a company on the ground. Improved diplomatic relations and licenses for US companies to operate in Venezuela directly benefit incumbent operators like Chevron. WATCH Chevron for positive headlines regarding Venezuelan production quotas. Geopolitical volatility or a reversal in US administration policy. |
Bloomberg Markets
Bloomberg Surveillance 2/12/2026...
|
|
Feb 12, 2026
|
|
LONG
|
Energy Secretary Chris Wright is in Caracas to overhaul the industry. Hordern noted Chevron has "been operating in this country for a century... they already know where to start expanding production... especially if they get an extended license." In contrast to Exxon (XOM), whose CEO called Venezuela "uninvestable," Chevron has maintained its foothold. If the Trump administration normalizes relations or expands licenses, CVX has immediate first-mover advantage to monetize Venezuelan reserves. LONG/WATCH pending license news. Political volatility in Venezuela; US sanctions snapback. |
Bloomberg Markets
Trump Tariffs Face House Rebuke | Balance of ...
|
|
Feb 11, 2026
|
|
LONG
|
The US Energy Secretary is in Venezuela meeting with officials; Chevron has maintained a presence there for 100 years and is the primary operator with licenses. The US administration is pushing to revive Venezuela's oil sector. Chevron is the only US major with the "boots on the ground" and existing infrastructure to immediately benefit from relaxed sanctions or expanded licenses. LONG. CVX is the direct beneficiary of US-Venezuela diplomatic thawing. Political volatility in Venezuela; expropriation risk remains non-zero. |
Bloomberg Markets
Stocks Steady After Strong Jobs Data Dims Rat...
|
|
Feb 11, 2026
|
|
LONG
|
US Energy Secretary Chris Wright is in Venezuela meeting with leadership. The US is lifting licenses. Chevron has been operating there for 100 years and is "not going anywhere." As the US seeks to stabilize global oil supply by bringing Venezuela back online, Chevron is the primary beneficiary as the only US major with active, scalable infrastructure on the ground. Smaller players face higher barriers to entry regarding stability and rule of law. LONG. Chevron is the "State Department's proxy" for Venezuelan oil recovery. Political volatility in Venezuela; reversal of US sanctions relief. |
Bloomberg Markets
US Adds 130K Jobs, Sec. Wright Visits Venezue...
|
|
Feb 11, 2026
|
|
LONG
|
"Chevron has been operating in Venezuela for 100 years. They're not going anywhere... they are easily able to expand." While other major oil companies are hesitant and waiting for "rule of law" and stability, Chevron has the existing infrastructure, personnel, and immediate government sanction to ramp up production. They have a massive first-mover advantage in the post-Maduro energy revival. Long CVX as the primary vehicle for Venezuelan output recovery. Political instability in Venezuela or a reversal of US administration policy regarding the new acting government. |
Bloomberg Markets
US Energy Secretary Makes Historic Visit to V...
|
|
Feb 11, 2026
|
|
LONG
|
"Wildcatters are those individuals that are a little bit more nimble and small. They're the ones that right now have a tremendous amount of interest in Venezuela." The US government is explicitly pushing "commerce" over "boots on the ground." With OFAC lifting licenses, smaller, higher-risk US energy independent producers (Wildcatters) will likely secure aggressive lease terms before the major global conglomerates feel safe enough to enter. Long the speculative end of the US Energy sector (Small/Mid-cap E&Ps) looking for high-beta exposure to new reserves. Expropriation risk remains high in transitional governments; physical security of assets. |
Bloomberg Markets
US Energy Secretary Makes Historic Visit to V...
|