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U.S. energy policy toward Venezuela
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How Chevron's Expanded Venezuela Oil License Boosts Its Global Play
ZACKS· 2026-01-08 17:36
Key Takeaways Chevron is in talks with U.S. officials to expand its Venezuela license, lifting crude exports.Sanctions tightening cut Chevron's Venezuela output to about 100,000 bpd from 250,000 bpd earlier.Oil sale proceeds would flow through a U.S. trustee to fund American goods for Venezuela.Chevron Corporation (CVX) is reportedly in discussions with the U.S. government to expand its license to operate in Venezuela, a move that could allow the company to boost crude exports both to its own refineries and ...