The company lobbied hard for proximity to Venezuela’s oil wealth—but it has little appetite for making major investments there in the near term.

Venezuela and Chevron have perhaps one of the strangest partnerships … ever? Chevron, one of the world’s most famous and profitable oil corporations, has for decades, been plugging away in Venezuela,

Recent headlines around Chevron (CVX) have centered on its Final Investment Decision to expand the Leviathan offshore gas field, a potential broader license in Venezuela, and fresh analyst attention after completing the Hess merger.

Chevron suffered its worst loss since April, a day after the only US oil company currently operating in Venezuela jumped 5% following the surprise capture of Venezuela's President Maduro.

By Marianna Parraga and Jarrett Renshaw HOUSTON/WASHINGTON, Jan 14 (Reuters) - Chevron is expected to receive an expanded Venezuela license from the U.S. government this week that could allow for increased production and exports from the South American country,

Chevron Corporation (NYSE:CVX) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer ended his game plan with the oil plays, as he commented: We also have two oils: Chevron and Exxon.

Venezuela's stock market is not very liquid, but there are indirect ways to gain exposure.

Chevron Corp., the sole Western supermajor permitted to pump Venezuelan oil, is loading tankers at the fastest pace in seven months as the US government moves to control the Latin American nation’s crude riches.

We compare CVX's Venezuela upside with PBR's operating momentum, then look at stock performance, valuation, and earnings trends to see how the two stack up today.