Chevron has been operating in Venezuela for more than a century. But the company has only recently begun to exert an outsized influence on the nation’s economy. There are two main reasons.

Chevron is ending contracts in Venezuela, delegating operations to PDVSA, while retaining staff in the country amid U.S. sanctions and deadlines affecting oil shipments.

Chevron's license to operate in Venezuela ended on Tuesday, though sources told Reuters that Chevron has received guidance from the Trump administration that will allow it to preserve its stakes, ...

Chevron has terminated the oil production, service and procurement contracts it had to operate in Venezuela, delegating its joint-venture governance to its partner, state company PDVSA, but it ...

With Chevron allowed to keep its assets in Venezuela, insiders say Grenell plans to continue lobbying Trump to restore the company’s ability to import the country’s oil to the United States.

Trump did not name Chevron in his comments, but Washington granted Chevron a license to operate in Venezuela's oil sector on November 26, 2022. It was the only license the administration issued ...

Reuters cited shipping data and documents showing the state producer has ramped up exports to Asia since then. Deals have ...

Chevron CEO Mike Wirth issued a stark warning about the firm’s possible departure from Venezuela as a Biden-era license allowing the company to operate in the country is set to expire.

U.S. will let Chevron’s Venezuela oil license expire May 27, Rubio announced, dealing a blow to Maduro’s regime as oil sector challenges intensify.

Chevron’s exit is a blow to Venezuela, where it helped boost oil output to over 1 million barrels per day in January 2025, the highest since June 2019. Meanwhile, ...