CVX, XOM and OXY Forecast – Oil Stocks Jump After US Military Actions
FX Empire·2026-01-05 22:00
That being said, Chevron is a little bit different in the sense that it does still operate in Venezuela to a point. So, it has an existing footprint. If oil starts flowing out of Venezuela at a little bit faster clip due to a lack of sanctions, Chevron will be a big winner here. This is why you’re seeing Chevron take off the way it is, while crude oil is pretty stagnant. It’s going to be an interesting dichotomy here.But I think this is a market that maybe a pullback might offer a buying opportunity. But fo ...