Chevron (CVX) Maintains Presence in Venezuela Despite Tensions

Group 1 - Chevron Corporation is recognized as one of the 12 Best Crude Oil Stocks to Buy for Dividends [1] - The company is the largest foreign investor in Venezuela, continuing operations despite geopolitical tensions and US sanctions [3] - Chevron is operating under a US license that allows it to produce and export oil from Venezuela without facing sanctions [3] Group 2 - A Bloomberg report indicates that Chevron is preparing to ship approximately 1 million barrels of Venezuelan crude, with cargoes already loaded onto tankers [4] - Chevron's output in Venezuela is around 250,000 barrels per day, which is a significant portion of its global production [5] - The sanction waiver is expected to support Chevron's goal of over 10% annual growth in adjusted free cash flow and EPS through 2030 [5] Group 3 - Chevron boasts a strong annual dividend yield of 4.54%, positioning it among the 12 Best Dogs of the Dow to Invest in [5]