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Stock impact report

The president has ordered the energy giant to halt oil production in Venezuela [CNNMoney.com]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: CNNMoney.com
Trump orders Chevron to halt oil production in Venezuela New York (CNN Business) The Trump administration ordered Chevron to halt oil production in Venezuela, dealing another blow to the American oil giant's century-long relationship with the crisis-ravaged OPEC nation. The directive, which was issued Tuesday evening, requires Chevron ( CVX ) to "wind down" its operation in Venezuela by December 1. The last remaining American oil producer in Venezuela, Chevron had previously been granted licenses by the Treasury Department to keep production activities alive with the national oil company PDVSA, which has been sanctioned by President Donald Trump. Oil prices turned negative. Hundreds of US oil companies could go bankrupt The order will have a limited impact on Chevron's finances, but it deals a setback to a company that has spent decades sinking resources into Venezuela. And it will only accelerate the historic collapse of Venezuela's oil industry. Show less Read more
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