Chevron Corp CVX:NYSE

Last Price$123.89NYSE Previous Close - Last Trade as of 6:30PM ET 9/17/19

Today's Change-0.23(0.19%)
Bid (Size)$123.11 (10)
Ask (Size)$123.83 (2)
Day Low / High$122.56 - 124.62
Volume7.4 M

Halliburton, Schlumberger, Chevron In Danger of Shut Down in Venezuela as US Sanctions Deadline Looms

6:06AM ET 8/23/2019 MT Newswires
Halliburton (HAL), Schlumberger (SLB), and Chevron (CVX) are among the oil rig operators in Venezuela in danger of getting shut down if the Trump administration does not extend the waiver of its sanctions on the country beyond the Oct. 12 deadline, Bloomberg reported Friday.

According to the report, Venezuela had 23 rigs operating as of July, and half of them will get hit if the waiver lapses. Chevron alone could lose more than 200,000 barrels a day of output at four projects in the country if the waiver is not renewed, the report said.

As a precautionary measure, both Halliburton and Schlumberger have reportedly reduced staff and have limited their exposure in the country.

Price: 18.67, Change: +0.07, Percent Change: +0.38