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 ...

License terms are designed to prevent state-run oil firm Petróleos de Venezuela, known as PDVSA, from receiving proceeds from Chevron’s petroleum sales, U.S. officials said. The license lasts ...

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 ...

A second US senior administration official said the Maduro government “did not fully comply with the spirit or the letter of the Barbados Agreement ... in Venezuela.” Since the Chevron ...

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 ...

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 a ...

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 ...