Chevron shares rose slightly Monday after the company moved to ship Venezuelan crude and restart Kazakhstan output. Over the past month, Chevron assembled its largest fleet in nearly a year, sending 15 vessels this month to export at least 200,000 barrels per day under a U.S. license.
Chevron reported it restarted production in Kazakhstan after a Jan. 18 power outage shut the Tengiz and Korolev fields. Tengizchevroil confirmed the “resumption of initial crude oil production.” (Ed. note: industry sources said volumes remain low.)
Chevron and Exxon Mobil will report Q4 2025 results later this week, and lower commodity prices may pressure earnings; several analysts remain optimistic about Exxon Mobil‘s execution and long-term growth. Chevron is expected to post a year-over-year earnings decline on higher revenues for the quarter ended December 2025, and CEO Mike Wirth and CFO Eimear Bonner are scheduled to speak.
Investors will watch the Feb. 1 OPEC+ meeting for guidance on March production targets and updates on Kazakhstan’s ramp-up. At press time, Chevron traded near the top of its 52-week range, sat above its 200-day moving average, and climbed about 11% over the past 30 days.
