Scott Bessent Contradicts Trump, Says Oil Giants 'Not Interested' In Venezuela [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
Bessent, during Thursday's speech at the Economic Club of Minnesota, stated that large oil companies with corporate boards are “not interested” in Venezuela. He explained that this is a “big strategic shift” for the corporate boards, hence they usually “move slowly.” Bessent also mentioned that he is constantly in touch with Mike Wirth , the CEO of Chevron Corp. (NYSE: CVX ), on this matter. Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early The Treasury Secretary did, however, acknowledge that there is interest from other quarters. Bessent mentioned that the Department is being inundated with calls from “independent oil companies and…wildcatters” who are eager to invest in Venezuela. Wildcatters are small, high-risk explorers that drill in untapped areas, potentially striking lucrative finds, but the
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News
- Is Iraq About to Make Its Biggest Geopolitical Pivot in Years? [Yahoo! Finance]Yahoo! Finance
- Trump Pushes Venezuela Oil Investment as Political Risks Loom [Yahoo! Finance]Yahoo! Finance
- Trading houses beat US majors to first deals for Venezuelan oil [Yahoo! Finance]Yahoo! Finance
- Trading houses beat US majors to first deals for Venezuelan oil [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chevron Corporation's (NYSE:CVX) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum? [Yahoo! Finance]Yahoo! Finance
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- 1/7/26 - Form 4
- 1/7/26 - Form 4
- CVX's page on the SEC website