Chevron, headquartered in San Ramon, California, employs 45,600 people and provides support for energy operations while producing crude oil, natural gas, and various petroleum products. The company engages in extensive upstream and downstream activities, including refining, transportation, and technology development.
CVX has been in the news recently: President Trump announced the cancellation of concessions that will impact Chevron's operations in Venezuela, resulting in a loss of approximately 240,000 barrels per day in oil exports. This decision coincides with a decline in WTI oil prices, which are currently at $68.70 per barrel due to rising supply expectations and concerns over the revoked license for Chevron in Venezuela.
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