Chevron’s exit is a blow to Venezuela, where it helped boost oil output to over 1 million barrels per day in January 2025, the highest since June 2019. Meanwhile, opposition leader María Corina ...

The revocation of gas and oil licenses ends a financial lifeline for Venezuela, with catastrophic consequences.

The U.S. Treasury just gave Chevron Corp. a short 30-day eviction notice from Venezuela, cutting off its ability to pump and ...

Venezuela's oil output and exports have grown since Chevron was granted the license in late 2022, providing a reliable source of revenue to President Nicolas Maduro's administration. The company ...