Can Chevron Stock Hit $205 in 2026?

Chevron Corporation (CVX), the sole Western supermajor permitted to pump Venezuelan oil, swung sharply in the markets this week. On Tuesday, Jan. 6, the stock dropped nearly 4.5%, its worst slide since April, just one day after a 5.1% surge tied to the unexpected U.S. capture of Venezuelan President Nicolás Maduro. Chevron currently accounts for roughly 20% of Venezuela’s crude oil production, giving it the clearest strategic position to benefit from any rebuilding of the country’s long-dormant oil indus ...