Chevron (CVX) and Venezuelan Oil: Implications for the Stock?

Just saw shipping data showing that an oil tanker, leased by Chevron (CVX), loaded with Venezuelan crude, has just left Venezuelan waters and is headed to the U.S. Gulf Coast. For context, this is significant because the U.S. has had sanctions on Venezuelan oil for years, and any move involving Venezuelan crude is bound to attract some attention, especially in terms of geopolitical risk.

While this could be a sign of improved relations or adjustments in the sanctions regime, it also raises questions about the stability of oil supply chains, as well as the market's perception of Chevron's involvement with Venezuela's state-owned PDVSA. The oil market is already volatile, and this move could either help CVX by providing access to cheap crude or complicate their position due to potential political backlash.

Any thoughts on how this might affect Chevron's stock in the short and long term? Is this a bullish or bearish development for CVX considering the ongoing sanctions and geopolitical risks?