Chevron is having a moment. Honestly, if you’ve been watching the energy sector lately, it feels like the script just got flipped. CVX stock price today is sitting at $166.21, down about 0.6% from yesterday’s close of $167.24. It’s a tiny breather after a wild start to 2026.
The market is basically trying to digest a massive geopolitical meal.
Earlier this month, Venezuela hit the reset button. The Maduro administration is out, and the "Venezuela Pivot" is in. For Chevron, this isn't just news—it’s a jackpot. They’ve spent years playing the long game in Caracas, keeping their boots on the ground while everyone else fled. Now, that patience is paying off.
What happened today with CVX?
The stock opened at $165.77 this morning. It flirted with $167.33 before settling into its current range. While a 0.6% dip might look like a "red day" on your screen, you’ve got to zoom out. In the first week of January, Chevron shares jumped 6.3% in a single day.
Investors are currently weighing two very different forces. On one hand, you have the "peace dividend" from South America and a new $2 billion deal to move Venezuelan crude to U.S. refineries. On the other, Brent crude is hovering around $65, and the broader market is worried about a global oversupply.
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It’s a classic tug-of-war.
The Venezuela Catalyst: Why CVX Stock Price Today Matters
Most people think oil stocks only move when gas prices go up. That's wrong. Chevron is currently a "geopolitical arbitrage" play.
Because they already have the infrastructure in Venezuela, they can ramp up production faster than any other Western major. We are talking about access to the largest proven oil reserves on the planet. President Trump’s recent announcement of a $100 billion investment plan for the region has basically put a rocket under Chevron’s long-term valuation.
The Lukoil Factor
There’s also a $22 billion elephant in the room. Chevron and Quantum Capital Group are reportedly top contenders to buy Lukoil’s global assets. We’re talking refineries in Europe, oil fields in Iraq, and over 2,000 gas stations.
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The deadline for this deal is January 17. That’s just two days away.
Traders are on edge because the U.S. Treasury’s Office of Foreign Assets Control (OFAC) has to bless the deal. If it goes through, Chevron becomes a global behemoth that’s even harder to ignore. If it fails, we might see a short-term pullback.
Insider Moves and Dividend Safety
Wait, did you see the SEC filing from yesterday? Alana K. Knowles, Chevron’s Controller, sold 3,200 shares at $168.
Don't panic.
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It was a pre-planned 10b5-1 trade. Most executives have these set up months in advance to avoid "insider trading" optics. What’s more interesting is the dividend. Chevron just confirmed a $1.71 quarterly payout with an ex-dividend date of February 16, 2026.
That puts the yield around 4.1%. In a world where the S&P 500 yield is often half of that, Chevron remains the "old reliable" for income seekers.
Is the CVX Stock Price Today Actually Cheap?
Analysts are split, which is exactly what you want to see if you're looking for an opportunity.
- The Bull Case: Simply Wall St’s latest Discounted Cash Flow (DCF) model suggests an intrinsic value of $326.01. If that’s even remotely right, the stock is trading at a 50% discount.
- The Bear Case: Zacks recently slapped a "Hold" rank on it. Why? Because if oil drops to $55, Chevron’s high P/E ratio (currently around 23x) looks a bit bloated compared to ExxonMobil.
The reality? Chevron is no longer just an oil company; it's a strategic arm of U.S. energy policy.
Practical Next Steps for Investors
If you're looking at CVX stock price today and wondering what to do, keep it simple.
- Watch the January 17 Deadline: The Lukoil deal outcome will likely cause a $3 to $5 swing in either direction by next Monday.
- Monitor the "Venezuela Ramp": Watch for the Q4 2025 earnings report on January 30. That’s when CEO Mike Wirth will have to give hard numbers on how much Venezuelan crude is actually hitting the water.
- Check the $160 Floor: Historically, $160 has acted as a strong support level. If it dips below that without a major crash in oil prices, it has historically been a strong "buy the dip" zone.
The energy map is being redrawn in real-time. Chevron is holding the pen. Whether you're in it for the 4% yield or the South American growth story, today’s price action is just one small chapter in a much bigger turnaround.