Chevron will expand Venezuela operations
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Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
Trump announced last week the U.S. government would hold a 35% stake in Venezuelan oil producer North American Blue Energy Partners.
Energy stocks led the market higher Monday morning as two major oil catalysts hit at once. CNBC’s Dominic Chu framed the setup on the network’s opening segment on Monday: “Oil prices did jump by about 3% on the resumption of those attacks,
If you look at the traditional measure of dividend safety, the payout ratio, you may get the wrong impression.