# West Texas Intermediate (WTI) crude oil price surged 5.72% to $88.65, and Brent crudeOil price increased 4.70%.

*business · news · 2026-04-20 · Benzinga*

## Key points

- Chevron has agreed to increase its Petroindependencia stake to 49% via an asset swap with PDVSA.
- Chevron will gain rights to develop the Ayacucho 8 area in Venezuela's Orinoco Oil Belt.
- Chevron's Q2 2026 EPS estimate is $1.40, significantly down from $2.18 YoY.
- Analysts remain bullish on Chevron, with recent price targets raised up to $222.

**Companies:** Chevron
**Countries:** United States, Iran, Venezuela

[Read the full story on Benzinga](https://www.benzinga.com/markets/large-cap/26/04/51907638/whats-going-on-with-chevron-stock-on-monday)

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