Chevron Gets Short 30 Days Notice to End Venezuela Operations

Chevron Corporation (CVX) has received a 30-day notice from the Trump administration to stop pumping and selling Venezuelan oil and wrap up its operations in the country. The deadline, set for April 3, provides the company only 30 days instead of the normal six-month wind-down period.Since 2022, Chevron has been allowed to operate in Venezuela as an exception to U.S. sanctions, exporting crude to the United States and recovering billions in pending debt. However, with the new directive, the company must hal ...