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Chevron Corporation

Chevron Corporation

$CVX
NYSEEnergy

356 stories mentioning Chevron CorporationUpdated 1d ago

Chevron in focus as Moody's flagged windfall earnings for major oil producers from a Hormuz closure, while US-Iran peace news moved energy shares.

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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

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Commodities

Market Chatter: Venture Global Confirms Plaquemines Phase 2 Deliveries to Customers

US LNG developer Venture Global has informed its customers that cargo deliveries from its Plaquemines Phase 2 export plant in Louisiana will start on schedule and at previously-agreed prices, a source with direct knowledge of this told Reuters.Customers for Plaquemines Phase 2 include oil majors Exxon Mobil (XOM) and Chevron (CVX). Venture Global sent a letter to unspecified customers on Tuesday saying it remained on track to start the deliveries from Phase 2 by the end of Q2, 2027.The company has been embroiled in disputes over LNG deliveries from its first LNG plant at Calcasieu Pass in Louisiana, Reuters reported.Higher spot LNG prices can cause concern among buyers that commercial arrangements agreed before such increases might no longer be honoured, the article said.Venture Global did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $14.33, Change: $-0.79, Percent Change: -5.20%

$CVX$VG$XOM
Sectors

Sector Update: Energy Stocks Decline Premarket Wednesday

Energy stocks were declining premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% lower.The United States Oil Fund (USO) was down 1% and the United States Natural Gas Fund (UNG) was fractionally lower.Front-month US West Texas Intermediate crude oil was 0.8% lower at $89.46 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.5% to $94.19 per barrel, and natural gas futures were up 0.9% at $2.93 per 1 million British Thermal Units.BP (BP) appointed Ian Tyler as board chair, effective immediately. Shares of BP were down 1.9% pre-bell.BW LPG (BWLP) shares were down more than 4% after the company said it is issuing $300 million of 2.25% senior unsecured convertible bonds due 2031.Chevron (CVX) reached agreements with Venezuela on updated joint venture terms, including enhanced fiscal, commercial and legal provisions to support investment, development and production growth, the company said. Chevron stock was down 0.7% pre-bell.

$BP$BWLP$CVX$UNG$USO$XLE
Equities

Chevron Expands Venezuela Oil Portfolio With Carabobo Acreage

Chevron (CVX) reached agreements with Venezuela on updated joint venture terms, including enhanced fiscal, commercial and legal provisions to support investment, development and production growth, the company said Wednesday.Under the deal, Chevron's 49% owned Petroindependencia joint venture received rights to develop the Carabobo 1 and Carabobo-2-South-A areas in Venezuela's Orinoco Belt, the company said.The updated terms support plans to invest more than $7 billion over five years and more than double Venezuelan production to about 600,000 barrels per day, with total costs below $20 per barrel, it added.

$CVX
Commodities

Venezuela Pacts Expected to Double Crude Production, US Energy Secretary Reportedly Says

US Energy Secretary Chris Wright said on Tuesday during a visit to Caracas that upcoming agreements signed by international oil companies will more than double Venezuela's crude production in the coming years, media outlets reported.Wright noted that incoming investments will exert downward pressure on long-term oil prices, though he noted that domestic retail fuel costs remain constrained by broader US refining capacity bottlenecks.The diplomatic push follows President Donald Trump's unveiling of a separate, high-profile agreement granting the US long-term access to a fifth of Venezuela's proven oil reserves, according to the reports.Under that arrangement, the private US-backed firm North American Blue Energy Partners controlled by Venezuelan businessman Alejandro Betancourt is slated to receive a 100-year lease across 17 oilfields holding approximately 65 billion barrels of reserves.Building on this framework, energy majors are moving to formalize their own operations. US producer Chevron (CVX), Italy's Eni (E), India's ONGC, Colombia's GeoPark, and US-based GE Vernova (GEV) are all on track to sign comprehensive project agreements this week.

$CVX$E$GEV
Commodities

Venezuela Assembly Backs Oil Deal With Trump Administration

Venezuela's National Assembly said Tuesday that it had approved a draft resolution supporting the binational energy agreement between Venezuela and the US, according to posts from the legislature's official X account.Deputy Miguel Perez Abad presented the draft agreement to the chamber, according to a translated post on X.The measure had passed by what the National Assembly described as an "evident qualified majority," confirming the Assembly's support for the binational energy agreement between Venezuela and the US.The vote to endorse an oil agreement with the Trump administration comes ahead of the US energy secretary's visit to Caracas.The deal would give the US access to about one-fifth of Venezuela's oil reserves, while 100-year leases for 17 fields to North American Blue Energy Partners have raised questions and prompted hesitation among some oil companies, Reuters reported, citing sources.An agreement with a private entity will be signed in Caracas Wednesday during US Energy Secretary Chris Wright's visit, while Chevron (CVX) is expected to unveil plans to expand its Venezuelan operations, the report added, citing a US official.The US Department of Energy and Chevron did not immediately reply to' request for comment.

$CVX
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1.7% and the State Street Energy Select Sector SPDR ETF (XLE) up 1.2%.The Philadelphia Oil Service Sector Index increased 0.4%, and the Dow Jones US Utilities Index was up 0.7%.In geopolitical news, the US military launched fresh attacks on Iran, striking Islamic Revolutionary Guard Corps targets, the US Central Command said Tuesday in a post on social media platform X. Washington is striking "Iranian targets" near the Strait of Hormuz, US President Donald Trump said Tuesday. "If the failed nation of Iran retaliates for this very justified attack, they will be hit again at a much harder and higher level," Trump said in a social media post. The latest US military actions came a day after Iran reportedly attacked US bases in Jordan and the United Arab Emirates, in retaliation for Washington striking Iranian rocket launchers on Tehran's Larak Island.Front-month West Texas Intermediate crude oil jumped 5.4% to $90.39 a barrel, and the global benchmark Brent crude contract surged nearly 5% to $94.98 a barrel. Henry Hub natural gas futures rose 0.2% to $2.94 per 1 million BTU.In corporate news, Shell's (SHEL) Equilon Enterprises has signed an agreement to increase its equity in Tri Star Energy to 100% from 33%, the company said Tuesday. With the acquisition, Shell will become the full owner of an additional 320 fuel and convenience retail sites across the southeastern US. Shell shares rose 2.2%.Comstock Resources (CRK) shares jumped 11% after the company said it entered into a letter of intent under which the State Oil Co. of the Azerbaijan Republic, or SOCAR, would acquire interests in some of its Haynesville assets for $1.65 billion in cash.Chevron (CVX) is finalizing a deal for the operating rights to two giant oil fields in Venezuela's Orinoco Belt, Bloomberg reported. Chevron shares rose 2.1%.ExxonMobil (XOM) is among several major oil companies planning to pursue business in Venezuela, multiple news outlets including Reuters reported late Monday, citing comments made by US President Donald Trump at a press event in the Oval Office. Trump said ExxonMobil and Chevron are among companies preparing to bid for projects in the Venezuelan market, while other firms are also competing, the Reuters report said. ExxonMobil shares were up 2.1%.Fervo Energy (FRVO) shares surged 28% after the company said Tuesday it has signed a 396-megawatt power purchase agreement with Alphabet's (GOOGL) Google.

$CRK$CVX$FRVO$SHEL$XOM
Sectors

Sector Update: Energy Stocks Rise Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.9%.The Philadelphia Oil Service Sector Index increased 0.2%, and the Dow Jones US Utilities Index was fractionally higher.In geopolitical news, the US Air Force is attacking Iranian targets located in the area around the Strait of Hormuz, Axios reporter Barak Ravid said Tuesday on X, citing US officials.Front-month West Texas Intermediate crude oil jumped 4.4% to $89.49 a barrel, and the global benchmark Brent crude contract popped 3.8% to $93.91 a barrel. Henry Hub natural gas futures fell 1.3% to $2.90 per 1 million BTU.In corporate news, Chevron (CVX) is finalizing a deal for the operating rights to two giant oil fields in Venezuela's Orinoco Belt, Bloomberg reported. Chevron shares rose 1.7%.ExxonMobil (XOM) is among several major oil companies planning to pursue business in Venezuela, multiple news outlets including Reuters reported late Monday, citing comments made by US President Donald Trump at a press event in the Oval Office. Trump said ExxonMobil and Chevron are among companies preparing to bid for projects in the Venezuelan market, while other firms are also competing, the Reuters report said. ExxonMobil shares were up 2%.Fervo Energy (FRVO) shares surged 28% after the company said Tuesday it has signed a 396-megawatt power purchase agreement with Alphabet's (GOOGL) Google.Proposed legislation by California lawmakers to address wildfire risk and increase utility accountability fails to address the financing risks that utilities face, BofA Securities said Tuesday, as it downgraded PG&E (PCG) and Edison International (EIX). BofA cut its rating on both PG&E and Edison to neutral from buy and reduced its price target to $13 from $24 for PG&E and to $51 from $81 for Edison. PG&E shares were up 1.1%, and Edison rose 3%.

$CVX$EIX$FRVO$PCG$XOM
Sectors

Sector Update: Energy

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.9%.The Philadelphia Oil Service Sector Index increased 0.2%, and the Dow Jones US Utilities Index was fractionally higher.In geopolitical news, the US Air Force is attacking Iranian targets located in the area around the Strait of Hormuz, Axios reporter Barak Ravid said Tuesday on X, citing US officials.Front-month West Texas Intermediate crude oil jumped 4.4% to $89.49 a barrel, and the global benchmark Brent crude contract popped 3.8% to $93.91 a barrel. Henry Hub natural gas futures fell 1.3% to $2.90 per 1 million BTU.In corporate news, Chevron (CVX) is finalizing a deal for the operating rights to two giant oil fields in Venezuela's Orinoco Belt, Bloomberg reported. Chevron shares rose 1.5%.

$CVX
Wire

Top Midday Stories: Anthropic Reportedly Agrees to $35 Billion Computing Deal With Lambda; GoPro to Merge With Starman Optical

All three major US stock indexes were down in late-morning trading Tuesday, as bond yields in the US and around the world rose in response to rising oil prices and inflation concerns.In company news, Amazon-backed (AMZN) Anthropic has agreed to a $35 billion computing deal with Nvidia-backed (NVDA) cloud provider Lambda, Bloomberg reported Monday, citing a person familiar with the matter. The project involves a Texas data center being developed by Hut 8, with Nvidia holding the lease, the report said. Amazon shares were down 2.0% around midday, while Nvidia shares were down 1.0%.GoPro (GPRO) and optical-photonics company Starman Optical said Tuesday they have signed a definitive merger agreement. Under the terms of the deal, GoPro shareholders will receive $1.14 per share, for a total of $285 million in cash and will retain a stake in the combined company of about 10%. GoPro's roughly $92 million of outstanding debt will be repaid in full at closing, the companies said. GoPro shares were up 43.8%.Chevron (CVX) is finalizing a deal for the operating rights to two giant oil fields in Venezuela's Orinoco Belt, Bloomberg reported Tuesday, citing people familiar with the matter. The two fields are located in the Carabobo region, which holds billions of barrels of heavy oil reserves, and are near a big field already operated by Chevron's PetroIndependencia joint venture with state-owned Petroleos de Venezuela, the report said, citing the people. Chevron shares were up 1.5%.Medtronic (MDT) reported fiscal Q1 adjusted earnings Tuesday of $1.45 per share, up from $1.26 a year earlier and above the FactSet consensus analyst estimate of $1.39. Fiscal Q1 revenue was $9.76 billion, up from $8.58 billion a year ago and above the FactSet consensus of $9.55 billion. For fiscal 2027, the company expects adjusted EPS of $5.94 to $6, compared with its previous guidance range of $5.90 to $6 and the FactSet consensus of $5.95. Separately, Medtronic said it formed a partnership with Cornerstone Robotics through which it will invest $700 million. Lastly, Medtronic will invest up to $80 million in Pi-Cardia and retain an option to acquire the company for up to $210 million if certain milestones are met, the companies said Tuesday. Medtronic shares were up 1.7%.Fervo Energy (FRVO) has signed a 396-megawatt power purchase agreement with Alphabet's (GOOG, GOOGL) Google, the company said Tuesday. Under the terms of the agreement, Google will buy energy from Fervo Energy's Cape Station geothermal project to power a potential data center in Utah, Fervo said. The agreement includes an option for Google to expand its offtake by about 600 megawatts by June 2030, the company said. Fervo shares were up 23.8%, while Google's Class C and Class A shares were down 0.7% and 0.9%, respectively.SpaceX (SPCX) has replaced several leaders responsible for building the company's data centers following some civil engineering concerns and reliability issues at facilities in Tennessee and Mississippi, The Information reported Tuesday, citing people familiar with the matter. The company has installed executives from its rocket and satellite internet businesses to oversee data center operations, the report said, citing the people. SpaceX shares were up 0.3%.Price: $1.25, Change: $+0.37, Percent Change: +42.78%

$AMZN$CVX$FRVO$GOOG$GOOGL$GPRO$MDT$NVDA$SPCX
Wire

Market Chatter: Chevron Nears Deal to Operate 2 Oil Fields in Venezuela's Orinoco Belt

Chevron (CVX) is finalizing a deal for the operating rights to two giant oil fields in Venezuela's Orinoco Belt, Bloomberg reported Tuesday, citing people familiar with the matter.The two fields are located in the Carabobo region, which holds billions of barrels of heavy oil reserves, and are near a big field already operated by Chevron's PetroIndependencia joint venture with state-owned Petroleos de Venezuela, the report said, citing the people.Chevron didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $208.54, Change: $+2.40, Percent Change: +1.16%

$CVX
Wire

Chevron Nears Deal to Operate Two Oil Fields in Venezuela's Orinoco Belt, Bloomberg Reports

Chevron Nears Deal to Operate Two Oil Fields in Venezuela's Orinoco Belt, Bloomberg Reports

$CVX
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday as Oil Prices Advance

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 1% lower in Tuesday's premarket activity as oil prices advanced amid supply concerns.US stock futures were also lower, with S&P 500 Index futures down 0.6%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures retreating 1.1% before the start of regular trading.Manufacturing data from S&P Global will be released at 9:45 am ET.The ISM's manufacturing reading for August, construction spending data for July, and job openings data for July are all due to be released at 10 am ET.The Dallas Fed's nonmanufacturing index for August is due to be released at 10:30 am ET.In premarket activity, bitcoin was down by 1.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% lower, Ether ETF (EETH) retreated 1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell 1%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was up 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was down 1.5%.Novartis (NVS) stock was up more than 4% premarket after the company said that phase 3 trials of remibrutinib showed significantly reduced annualized relapse rates compared with teriflunomide in adults with relapsing multiple sclerosis.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.01%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Tesla (TSLA) shares were down 1% after a 5.5% gain at the prior close. Reuters reported that new Tesla car registrations in Norway and Sweden were down 79% and 41%, respectively, in August.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.3% higher.Mitsubishi UFJ Financial (MUFG) shares were up 1% after the company said it began talks with BlackRock (BLK) and Morgan Stanley's (MS) investment management unit to support the development of Japan's private credit market. BlackRock stock was 1% lower, while Morgan Stanley was retreating 0.5% pre-bell.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.6%, while the Vanguard Industrials Index Fund (VIS) was down 0.5% and the iShares US Industrials ETF (IYJ) lost 0.1%.Elbit Systems (ESLT) stock was up more than 1% before the opening bell after the company said it has signed contracts worth $270 million with an international customer in the field of intelligence, surveillance, and reconnaissance and targeting payloads.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1.4%, the iShares US Technology ETF (IYW) was flat, and the iShares Expanded Tech Sector ETF (IGM) was down 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.7% lower, while the iShares Semiconductor ETF (SOXX) fell by 2%.Salesforce (CRM) shares were down more than 1% in premarket activity following a 0.6% gain in the prior session. Bloomberg reported that the company is investing in human resources software company HiBob as part of a $160 million funding round that values the startup at more than $3.20 billion.EnergyThe iShares US Energy ETF (IYE) was up 1.9%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.3%.ExxonMobil (XOM) and Chevron (CVX) shares were 1% higher after multiple media outlets reported, citing comments made by US President Donald Trump at a press event in the Oval Office, that the companies are among several major oil companies planning to pursue business in Venezuela.CommoditiesFront-month US West Texas Intermediate crude oil rose by 2.3% to $87.77 per barrel on the New York Mercantile Exchange. Natural gas was down 1.3% at $2.90 per 1 million British Thermal Units. The United States Oil Fund (USO) advanced 2.1%, while the United States Natural Gas Fund (UNG) was 1.1% lower.Gold futures for November were down by 1.2% at $4,429.30 an ounce on the Comex. Silver futures retreated 2.2% to $65.51 an ounce. SPDR Gold Shares (GLD) decreased 1.9%, and the iShares Silver Trust (SLV) was 3% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BLK$CRM$CVX$EEM$EETH$ESLT$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MS$MUFG$NVS$PMR$QQQ$RTH$SLV$SOXX$SPY$TSLA$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XOM$XRT$XSD
Commodities

Market Chatter: Global Energy Giants Near Deals in Venezuela

Major international energy companies including US based Chevron (CVX), India's ONGC, Italy's Eni (E), GE Vernova (GEV), and Colombia's GeoPark are close to signing final agreements for energy projects in Venezuela, Reuters reported on Monday.Chevron's agreements are expected to be substantial, with the company looking to add a block in the Orinoco Belt to expand its joint ventures with state-run PDVSA, while targeting the Monagas North area for essential diluents, the report said.Meanwhile, GeoPark has advanced discussions regarding the Bare heavy oilfield, which could unlock up to 1 billion barrels of reserves. Eni is likewise coordinating local efforts to support sector revitalization alongside its existing assets, it stated.None of the parties involved responded immediately torequests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX$E$GEV
Equities

Market Chatter: ExxonMobil Set to Pursue Venezuela Business, Trump Says

ExxonMobil (XOM) is among several major oil companies planning to pursue business in Venezuela, multiple news outlets including Reuters reported late Monday, citing comments made by US President Donald Trump at a press event in the Oval Office.Trump said ExxonMobil and Chevron (CVX) are among companies preparing to bid for projects in the Venezuelan market, while other firms are also competing, the Reuters report said.ExxonMobil did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX$XOM
Commodities

Venezuela Oil Deal May Boost US Refiners as Heavy Crude Supply Rises, TPH Says

The US-Venezuela oil deal could boost heavy crude supplies for US refiners and widen discounts on heavy grades, TPH Energy Research said in a Monday note.US refiners processed 18.3 million barrels per day this year, including 4 million b/d of heavy crude from foreign suppliers, TPH Energy Research said.Heavy crude imports fell from 4.5 million b/d during 2016 to 2018, but Venezuela increased US shipments to 341,000 b/d from 140,000 in 2025.Venezuelan shipments reached 471,000 b/d in May 2026, accounting for about one-third of the country's 1.1 million b/d of production, according to the note.Valero Energy (VLO) led Venezuelan crude imports at 137,000 b/d, up from 69,000 in 2025, followed by Chevron (CVX) at 52,000 b/d and Phillips 66 (PSX) at 46,000 b/d, TPH said.Citgo imported 29,000 b/d and PBF Energy (PBF) took 24,000 b/d, while third-party traders Vitol and Trafigura handled 40,000 barrels per day, some of which could reach US refiners.Additional heavy crude supply could widen discounts, with Maya and Western Canadian Select at Houston trading $11 per barrel and $14/bbl below Brent, versus $8/bbl and $7/bbl in 2025, TPH said.

$CVX$PBF$PSX$VLO
Commodities

Market Chatter: Global Energy Majors Near Venezuela Energy Agreements

Global oil firms are nearing final energy pacts with Venezuela, most involving a shift to oil contracts under a law giving foreign firms more flexibility to expand and operate oilfields and export barrels and proceeds, while others cover new energy and electricity projects, Reuters reported Monday, citing five sources.Firms involved include Chevron (CVX), GE Vernova (GEV), India's Oil and Natural Gas, Italy-based Eni (E) and Colombia's GeoPark (GPRK). Executives were still closing negotiations, and the list of companies set to sign had not yet been finalized, two of the sources reportedly said. The agreements can be signed as early as this week.Chevron's agreements could be significant, with the company seeking to expand in the Orinoco Belt and to acquire acreage in Monagas North, potentially securing diluent supplies for its extra-heavy oil production, the report said. Eni reportedly said it is working with its Venezuelan partners and relevant authorities to help revive the country's energy sector.Chevron, GE Vernova, ONGC, Eni and Geopark did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX$E$GEV$GPRK
Commodities

Update: Trump Plans White House Meeting With Oil Executives as Gasoline Tops $4

(Updates with White House comments throughout and removes "reportedly" from the headline.)US President Donald Trump will meet with refiners and distributors on Tuesday to discuss expanding US refining capacity, with the ultimate goal of reducing gasoline prices for consumers, a White House official toldon Monday.Trump plans to host oil executives Tuesday as US gasoline prices climb above $4 per gallon, multiple media outlets reported.Trump is "laser-focused" on ensuring that the administration's energy dominance agenda "translates into the most cost savings possible at the pump for consumers," said Taylor Rogers, a White House spokeswoman, told."As part of that commitment, the President will meet with industry leaders to collaborate on the best ways to increase refining capacity,... and bring down prices for the American people," Rogers said.The White House official said Trump is prioritizing near-term measures to increase American refining capacity and, in this way, lower gas prices."This is especially timely as we increase Venezuelan crude flow to US refineries," a White House official said.The meeting will also give Trump and his administration an opportunity to identify ways to ensure savings reach customers and consider additional measures to reduce prices, the official said.The US has become the leading producer and exporter of oil and natural gas under the administration's policy and regulatory approach and plans to build on that industry partnership, the White House official added.Interior Secretary Doug Burgum, Energy Secretary Chris Wright and National Energy Dominance Director Jarrod Agen will join Trump alongside small, medium and large refiners and distributors, the White House said.At least 10 fuel producers and distributors are likely to join Trump at the White House, with the gathering set for the afternoon, according to the reports.Executives reportedly received invitations only last week, with little clarity on the agenda or guest list.The participants reportedly include Marathon Petroleum (MPC), Delek US Holdings (DK), Chevron (CVX), PBF Energy (PBF) and Valero Energy (VLO).ExxonMobil (XOM), one of the largest US refiners by capacity, was not invited to Tuesday's White House meeting, according to Reuters.Gasoline prices average above $4/gal nationwide, while diesel prices are close to $6/gal, according to the American Automobile Association.Price: $370.01, Change: $+1.18, Percent Change: +0.32%

$CVX$DK$MPC$PBF$VLO$XOM
Wire

Update: Market Chatter: Trump to Host Oil Company Executives on Tuesday

(Updates with White House comment in last paragraph.)President Donald Trump is expected to host executives of oil refining companies on Tuesday, Reuters reported Monday, citing people familiar with the plans.The companies received invitations last week that were light on details, and they were not told who else would attend, the report said."President Trump is laser-focused on ensuring his successful energy dominance agenda translates into the most cost savings possible at the pump for consumers," White House spokeswoman Taylor Rogers said in an email to. "As part of that commitment, the president will meet with industry leaders to collaborate on the best ways to increase refining capacity, further unleash American energy dominance across the entire supply chain, and bring down prices for the American people."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $160.22, Change: $+3.51, Percent Change: +2.24%

$BP$CVX$SHEL$TTE$XOM
Commodities

Trump Reportedly Plans White House Meeting With Oil Executives as Gasoline Tops $4

US President Donald Trump plans to host oil executives Tuesday as US gasoline prices climb above $4 per gallon, according to multiple media reports Monday.At least 10 fuel producers and distributors could join Trump at the White House, with the gathering set for the afternoon, according to the reports.Executives received invitations only last week, with little clarity on the agenda or guest list.The participants reportedly include Marathon Petroleum (MPC), Delek US Holdings (DK), Chevron (CVX), PBF Energy (PBF) and Valero Energy (VLO).ExxonMobil (XOM), one of the largest US refiners by capacity, was not invited to Tuesday's White House meeting, according to Reuters.The meeting will focus on expanding US refining capacity to increase fuel supplies and lower gasoline prices for consumers, according to reports.Gasoline prices average above $4 per gallon nationwide, while diesel prices are close to $6/gal, according to the American Automobile Association.The White House did not immediately reply to' request for comment.Price: $370.28, Change: $+1.45, Percent Change: +0.39%

$CVX$DK$MPC$PBF$VLO$XOM
Wire

Market Chatter: Trump to Host Oil Company Executives on Tuesday

President Donald Trump is expected to host executives of oil refining companies on Tuesday, Reuters reported Monday, citing people familiar with the plans.The companies received invitations last week that were light on details, and they were not informed who else would be in attendance, the report said, citing the people.The White House didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $160.70, Change: $+3.99, Percent Change: +2.55%

$BP$CVX$SHEL$TTE$XOM

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