Chevron's Balancing Act in Venezuela: Oil Export vs. Policy

Chevron Corporation (CVX) recently announced that it has not held any discussions with President-elect Donald Trump’s team regarding the company's operations in Venezuela.CVX’s Unique Position in Venezuela’s Oil FieldsSince 2019, Chevron, holding a significant role in Venezuela as the only U.S.-based oil producer, has been trying to align its activities with the U.S. policies, which were imposed to restrict Venezuela's oil revenues and force the ouster of president Nicolás Maduro, prompted by electoral frau ...