Yahoo Finance analyst Todd Shriber stated that he increased his holdings in Chevron (CVX), citing the company's strong long-term fundamentals and benefits from the Venezuela catalyst, despite Donald Trump criticizing major oil companies in early August for earning excessive profits during high oil prices. Shriber pointed out that Chevron's stock price has risen by 5.64% since Trump's comments, indicating that market will prevails over political rhetoric. Furthermore, the White House reached an agreement with Venezuela last week, paving the way for Chevron to gain more oilfield exploration rights, with reports suggesting Chevron is close to securing exploration rights for two additional oilfields in Venezuela's Orinoco Belt. Chevron achieved record US production in the second quarter, with global production increasing by 20% year-over-year.