Chevron's Future in Venezuela: Tough Choices Amid U.S. Policy

Chevron Corporation (CVX) is currently in conversation with the Trump administration, which is reconsidering its license to operate in Venezuela. With this new policy, Chevron is in a challenging position. It is in continuous contact with the government to understand its objectives and limitations.The license issued to Chevron under the Biden administration in 2022 allows it to remain the only major U.S. oil producer operating in Venezuela despite Washington’s sanctions against president Nicolás Maduro’s re ...