Scott Bessent & Chevron Corporation

Scott Bessent: Scott Bessent, the Treasury Secretary, warned producers and refiners of potential administrative action if pump prices do not decline sharply.

Chevron Corporation: Chevron Corporation is forecast to report significant quarterly earnings, making it a target for Donald Trump's pressure to reduce gasoline prices. The company's CFO stated it would take time for prices to normalize.

Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.

Chevron Corporation: Chevron Corporation reported stronger profits due to high oil prices but saw its stock price fall as oil prices regressed.

Chevron Corporation: Chevron Corporation has a long-standing presence in Venezuela and is expected to significantly increase its commitment to the country's oil sector following the sanctions relief.