Effective Collaboration - Team Research for Better Returns: Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

Return to Sender

From: Julius Wong	12/12/2025 5:21:03 PM
	1 Recommendation of 8267

US said to have renewed license for Chevron to pump oil in Venezuela - Bloomberg Dec. 12, 2025 4:41 PM ET By: Tiyashi Datta, SA News Editor *Update: The article has been updated to add Chevron's comment* The Trump administration on Thursday reportedly renewed a license for oil major Chevron ( CVX) to continue pumping oil in Venezuela. According to a Bloomberg report, citing sources familiar with the matter, the license allows Chevron to operate in four joint ventures with Venezuela’s national oil company Petróleos de Venezuela SA as an exception to longstanding oil sanctions on the country. This renewal came a day after U.S. forces seized a sanctioned oil tanker off the coast of Venezuela amid rising tension between Washington and Caracas. "Chevron has operated in Venezuela for over a century, and we believe our presence continues to be a stabilizing force for the local economy, the region and U.S. energy security," said a spokesperson from Chevron, adding that the company's operations in Venezuela continue in "full compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government." The U.S. Treasury Department did not immediately respond to a request for comment. The Trump administration has barred most U.S. companies from doing business in Venezuela, but it allows Houston, Texas-based Chevron to maintain minimal maintenance on equipment in its joint ventures and to keep exporting Venezuelan oil to the U.S. Earlier in July, Bloomberg reported that Chevron would hand over a percentage of its Venezuelan production to the Maduro government under new terms negotiated after receiving a U.S. license to restart operations.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next