Trump open to extending Chevron's license to produce oil in Venezuela, WSJ reports

Core Viewpoint - President Trump is considering extending Chevron's license to operate in Venezuela, reversing a previous decision by the Biden administration that allowed Chevron to restart production [1][2]. Group 1: Government Actions - The Treasury Department has set a deadline of April 3 for Chevron to wind down its operations in Venezuela [1]. - Trump expressed openness to extending Chevron's license during a meeting with Chevron CEO Mike Wirth and other oil industry executives [2]. - The Trump administration is contemplating financial penalties on countries that engage in business with Venezuela [2]. Group 2: Chevron's Operations - Chevron operates in Venezuela through a partnership with the national oil company Petróleos de Venezuela, holding stakes in five onshore and offshore projects [3]. - Chevron executives regularly meet with government officials in Washington to discuss business-related issues [4]. - Chevron maintains compliance with all laws and regulations, including U.S. sanctions frameworks [4].