Chevron (CVX) Has Fresh Attention, But What Is The Market Weighing?

Chevron (CVX) is back in focus after new agreements with Venezuela reset the terms of its joint ventures, support over US$7b of planned investment and grant fresh Orinoco Belt acreage. Chevron’s latest Venezuela move comes on top of strong price momentum, with the share price delivering a 1 month return of 10.99%, a 90 day return of 12.82% and a year-to-date return of 35.55%. The 5 year total shareholder return of 168.98% shows how materially reinvested dividends have contributed over...