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US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ ~

The Biden administration is preparing to scale down sanctions on Venezuela to allow the Chevron Corporation to resume pumping oil there, according to The Wall Street Journal.

Chevron's climb: Worker shortages, scarcity of fuel and liquids to lower oil viscosity, crime/security risks--on top of sanctions uncertainty--complicate quest to pump oil from neglected Venezuelan fields. @CollinEatonHC  @kejalvyas  @GaripChile  via @WSJ 

Chevron is working towards “higher returns and low carbon,” Breber says.

Cheniere, Exxon, Chevron, Pioneer, EOG and countless others all are gunning for new 52-week high while people are pissed off trying to time the Fed pivot

The U.S. is considering easing sanctions against Venezuela’s authoritarian government in a bid to allow Chevron to resume operations and bulk up the world’s oil supply, according to a report.

Largest stocks that currently pay a dividend Apple $AAPL Microsoft $MSFT UnitedHealth $UNH Exxon $XOM $JNJ Visa $V Taiwan Semi $TSM Walmart $WMT Nvidia $NVDA Eli Lilly $LLY JPMorgan $JPM Chevron $CVX $PG Home Depot $HD Mastercard $MA AbbVie $ABBV $BAC Pfizer $PFE Coca-Cola $KO

Chevron says the EPA’s recommendations “would result in Gorgon having the deepest greenhouse gas emissions reduction trajectory for an LNG project in Western Australia to date”.

Chevron's Venezuela ventures put out 45kpd last month, down from 104kbd last year. If sanctions lift, Chevron will try to boost that to almost 200kbd in about a year, per people familiar. But getting there will be tough. w @kejalvyas  @GaripChile 

The U.S. is considering easing sanctions against Venezuela’s authoritarian government in a bid to allow Chevron to resume operations and bulk up the world’s oil supply, according to a report.

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Has anyone seen this Chevron commercial?

While you were paying through the nose at the gas pump, Big Oil posted record quarter profits: Exxon: $17.9 billion Chevron: $11.6 billion Shell: $11.5 billion They're using the cover of inflation to line their pockets. Yes, it's time for a windfall profits tax on Big Oil.

Big Oil's first quarter profits: Shell: $9.13 billion ExxonMobil: $8.8 billion Chevron: $6.5 billion BP: $6.2 billion Why not a windfall profits tax?

Here's how much profit Big Oil raked in last quarter: Shell: $9.1 billion Chevron: $6.3 billion BP: $6.2 billion Exxon: $5.4 billion They’re not raising prices to cover their costs—they’re raising prices to pad their profits.

NEW: Exxon doubles profit and will triple buybacks, while Chevron more than triples its profit to highest level since 2012

Shock. Shock. Shock. Gas prices are at the highest level in 7 years while Exxon Mobil, Chevron, Shell & BP made nearly $25 billion in profits last quarter – the highest level in over 7 years. The problem is not inflation. The problem is corporate greed, collusion & profiteering.

Yes. Trump's not alone. Federal income taxes paid by corporations a year after his tax plan was signed into law: $0: Amazon $0: GM $0: Netflix $0: Chevron $0: FedEx $0: Eli Lilly $0: Starbucks Dr. King was right. We have socialism for the rich, rugged capitalism for the rest.

Who really benefitted from Trump's tax cuts? Pfizer --> Donations to GOP: $16M Tax Cut Received: $39B GE--> Donations to GOP: $20M Tax Cut Received: $16B Chevron--> Donations to GOP: $13M Tax Cut Received: $9B It's socialism for the rich in exchange for campaign $$$

Here is something everyone should know: Because of Trump's 2017 tax cuts there are now DOZENS of corporations with BILLIONS in profits that pay ZERO FEDERAL INCOME TAX Some companies are paying LESS THAN ZERO The gov't is SENDING CHECKS to Amazon, Chevron, Netflix & Starbucks

What do these corporations have in common? Amazon Chevron Deere Delta Duke Energy Eli Lilly Gannett General Motors Goodyear Honeywell JetBlue Kinder Morgan MGM Resorts Netflix Prudential Financial Whirlpool Answer: they all paid nothing in federal income taxes.

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