the U.S. government granted Chevron a license to resume extraction activities in Venezuela. General License (GL) 41 was issued November 26, 2022, as a nod to a humanitarian agreement between the ...

The United States loosened oil sanctions on Venezuela in October following an election guarantee agreement between the South American country's government and its political opposition. Chevron has ...

Notably, in October, the U.S. eased oil sanctions on Venezuela following an agreement between its government and its political opposition, reported Reuters. Chevron holds a separate authorization ...

Chevron has U.S. authorization to operate in Venezuela with its joint ventures with PDVSA, while the U.S. Administration also currently allows exports and trade of Venezuelan crude oil under ...

Maduro expressed his agreement to allow the reopening of the UN Human Rights Office in Venezuela, stating, “Let's overcome the differences, the conflict we had.” His remarks were welcomed by ...

Spanish oil major Repsol SA expects production to climb with the addition of two oil fields in a joint venture with Venezuela, where the company is exempt from reimposed US sanctions. The company ...

President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a ...

Exxon Mobil XOM1.42%increase; green up pointing triangle and Chevron CVX 0.27%increase; green up pointing triangle posted lower first-quarter profits in part due to anemic natural-gas prices and ...

Chevron has proposed adding 65,000 barrels per day (bpd) to its Venezuela crude output by the end of this year, Reuters reported in September citing three sources familiar with the matter. The new ...