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Chevron Rallies on Venezuela Military Action as Congressional Shareholders Face Scrutiny

MarketDash Editorial Team
3 days ago
Oil stocks surged Monday after U.S. military action in Venezuela, putting a spotlight on Congress members holding Chevron shares, including Marjorie Taylor Greene who leaves office today.

Here's an interesting convergence of geopolitics and personal finance: Chevron Corp (CVX) rallied sharply Monday as oil stocks caught a bid following news that the U.S. completed a military strike on Venezuela and captured President Nicolás Maduro. The twist? Several members of Congress who own Chevron shares now find themselves in an awkward position, holding stock in a company that stands to benefit from the very military action some of them are publicly criticizing.

It's the kind of situation that makes congressional stock trading look, well, complicated at best.

Who in Congress Owns Chevron?

According to government trading disclosures, at least three Congress members purchased Chevron stock during 2025 and still hold their positions. The purchases ranged from modest to substantial:

Rep. Gilbert Cisneros (D-Calif.) made two purchases:

  • Nov. 18, 2025: Bought $1,000 to $15,000 in CVX stock
  • Oct. 17, 2025: Bought $1,000 to $15,000 in CVX stock

Rep. Marjorie Taylor Greene (R-Ga.) also made two purchases:

  • Oct. 24, 2025: Bought $1,000 to $15,000 in CVX stock
  • May 5, 2025: Bought $1,000 to $15,000 in CVX stock

Sen. Markwayne Mullin (R-Okla.) went bigger:

  • May 13, 2025: Bought $50,000 to $100,000 in CVX stock

The committee assignments of these three members add another layer of interest. Cisneros serves on the House Armed Services Committee. Mullin sits on the Committee on Armed Services. Greene serves on the House Committee on Homeland Security. In other words, these aren't backbenchers with zero insight into foreign policy and defense matters.

The situation echoes a pattern MarketDash previously reported on, where multiple Congress members bought oil and defense stocks before Russia's invasion of Ukraine. Now, with potential U.S. involvement in Venezuela's oil sector on the table, congressional oil stock purchases leading into 2026 will likely face intense scrutiny.

The Irony of Criticizing What Benefits Your Portfolio

Here's where things get interesting. Despite owning Chevron stock, both Cisneros and Greene have publicly criticized the Venezuela operation.

Cisneros took aim at the Trump administration's handling of the situation: "Congress is not the problem. The House Armed Services Committee is not the problem. The Secretary of Defense and the Trump administration are the problem. They have a responsibility to notify Congress what is going to happen, and they failed to do so," he tweeted. He also expressed concern about President Donald Trump saying "the United States will run Venezuela and take their oil."

Greene, who has clashed with Trump in recent months, was among a small group of Republican Congress members to oppose the action. On "Meet the Press," she called it out directly: "This is the same Washington playbook that we are so sick and tired of that doesn't serve the American people, that actually serves the big corporations, the banks and the oil executives. My understanding of America First is strictly for the American people."

It's a bold critique, particularly when you own stock in one of those oil companies that could benefit from the very policies you're denouncing.

Mullin, on the other hand, supported Trump's action: "President Trump is 100% focused on protecting the American people. Nicolás Maduro was the leader of a criminal narco-terrorist organization that actively targets Americans," he tweeted, adding that Maduro should "face justice for his crimes."

The Trading Disclosure Problem

Greene has maintained that a portfolio manager handles all of her trades, a defense she's used before when facing criticism about her trading timing. Earlier this year, she brushed off questions about buying numerous stocks right before Trump announced a pause on tariffs that sent markets soaring.

But here's the kicker: Greene's last day in Congress is Monday, Jan. 5, 2025. She previously announced plans to step aside from her congressional role. Once she leaves, she'll no longer be required to publicly disclose her trading activity. So whatever happens with her Chevron position from here on out? That's private information.

Mullin has his own disclosure issues. He was flagged last year for reporting many stock trades years after they were made, a violation of the STOCK Act, the law designed to prevent Congress members from trading on insider information.

MarketDash will be monitoring congressional trading activity in oil stocks closely as the Venezuela situation develops.

How Chevron Stock Is Trading

Chevron shares jumped 5.80% to $164.94 on Monday. The stock trades in a 52-week range of $132.04 to $168.96 and is up 8.3% year-to-date in early 2026. Not a bad return for members of Congress who bought in last year, regardless of their public stance on the military action driving the rally.

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Chevron Rallies on Venezuela Military Action as Congressional Shareholders Face Scrutiny

MarketDash Editorial Team
3 days ago
Oil stocks surged Monday after U.S. military action in Venezuela, putting a spotlight on Congress members holding Chevron shares, including Marjorie Taylor Greene who leaves office today.

Here's an interesting convergence of geopolitics and personal finance: Chevron Corp (CVX) rallied sharply Monday as oil stocks caught a bid following news that the U.S. completed a military strike on Venezuela and captured President Nicolás Maduro. The twist? Several members of Congress who own Chevron shares now find themselves in an awkward position, holding stock in a company that stands to benefit from the very military action some of them are publicly criticizing.

It's the kind of situation that makes congressional stock trading look, well, complicated at best.

Who in Congress Owns Chevron?

According to government trading disclosures, at least three Congress members purchased Chevron stock during 2025 and still hold their positions. The purchases ranged from modest to substantial:

Rep. Gilbert Cisneros (D-Calif.) made two purchases:

  • Nov. 18, 2025: Bought $1,000 to $15,000 in CVX stock
  • Oct. 17, 2025: Bought $1,000 to $15,000 in CVX stock

Rep. Marjorie Taylor Greene (R-Ga.) also made two purchases:

  • Oct. 24, 2025: Bought $1,000 to $15,000 in CVX stock
  • May 5, 2025: Bought $1,000 to $15,000 in CVX stock

Sen. Markwayne Mullin (R-Okla.) went bigger:

  • May 13, 2025: Bought $50,000 to $100,000 in CVX stock

The committee assignments of these three members add another layer of interest. Cisneros serves on the House Armed Services Committee. Mullin sits on the Committee on Armed Services. Greene serves on the House Committee on Homeland Security. In other words, these aren't backbenchers with zero insight into foreign policy and defense matters.

The situation echoes a pattern MarketDash previously reported on, where multiple Congress members bought oil and defense stocks before Russia's invasion of Ukraine. Now, with potential U.S. involvement in Venezuela's oil sector on the table, congressional oil stock purchases leading into 2026 will likely face intense scrutiny.

The Irony of Criticizing What Benefits Your Portfolio

Here's where things get interesting. Despite owning Chevron stock, both Cisneros and Greene have publicly criticized the Venezuela operation.

Cisneros took aim at the Trump administration's handling of the situation: "Congress is not the problem. The House Armed Services Committee is not the problem. The Secretary of Defense and the Trump administration are the problem. They have a responsibility to notify Congress what is going to happen, and they failed to do so," he tweeted. He also expressed concern about President Donald Trump saying "the United States will run Venezuela and take their oil."

Greene, who has clashed with Trump in recent months, was among a small group of Republican Congress members to oppose the action. On "Meet the Press," she called it out directly: "This is the same Washington playbook that we are so sick and tired of that doesn't serve the American people, that actually serves the big corporations, the banks and the oil executives. My understanding of America First is strictly for the American people."

It's a bold critique, particularly when you own stock in one of those oil companies that could benefit from the very policies you're denouncing.

Mullin, on the other hand, supported Trump's action: "President Trump is 100% focused on protecting the American people. Nicolás Maduro was the leader of a criminal narco-terrorist organization that actively targets Americans," he tweeted, adding that Maduro should "face justice for his crimes."

The Trading Disclosure Problem

Greene has maintained that a portfolio manager handles all of her trades, a defense she's used before when facing criticism about her trading timing. Earlier this year, she brushed off questions about buying numerous stocks right before Trump announced a pause on tariffs that sent markets soaring.

But here's the kicker: Greene's last day in Congress is Monday, Jan. 5, 2025. She previously announced plans to step aside from her congressional role. Once she leaves, she'll no longer be required to publicly disclose her trading activity. So whatever happens with her Chevron position from here on out? That's private information.

Mullin has his own disclosure issues. He was flagged last year for reporting many stock trades years after they were made, a violation of the STOCK Act, the law designed to prevent Congress members from trading on insider information.

MarketDash will be monitoring congressional trading activity in oil stocks closely as the Venezuela situation develops.

How Chevron Stock Is Trading

Chevron shares jumped 5.80% to $164.94 on Monday. The stock trades in a 52-week range of $132.04 to $168.96 and is up 8.3% year-to-date in early 2026. Not a bad return for members of Congress who bought in last year, regardless of their public stance on the military action driving the rally.

    Chevron Rallies on Venezuela Military Action as Congressional Shareholders Face Scrutiny - MarketDash News