US EditionTrump’s Chevron Deal Is a Win for America
VENEZUELA, JUL 31 – Chevron can resume limited oil production and exports in Venezuela under strict conditions that ban payments to Maduro's government, potentially adding over 200,000 barrels per day to U.S. refineries.
- In May 2025, Chevron was barred from operating in Venezuela but has since received a restricted US license to resume limited oil production under strict conditions.
- This license follows a US policy shift aiming to prevent Maduro's government from receiving easy cash while maintaining controlled vital oil trade.
- Chevron is required to supply a portion of the Venezuelan oil production directly to the state-owned PDVSA as payment, rather than making cash transactions, enabling Venezuela to maintain its oil sector under challenging conditions.
- Chevron’s renewed work could stabilize output, potentially boosting production toward one million barrels per day, while adding about 200,000 barrels daily to US refineries.
- This deal represents a strategic gain for US energy security and supply chains by reasserting American commercial leadership amid global energy market volatility.
13 Articles
13 Articles
Chevron to Give Oil, Not Cash, to Venezuela Under Tight U.S. Controls
Chevron’s operations in Venezuela show how international business and politics shape the way energy gets to global markets. Under a new US government license, Chevron can now pump oil in Venezuela again, but with very strict conditions. Instead of paying Venezuela’s government with money, Chevron must deliver part of the oil it produces there straight […]
Chevron Corporation will hand over a portion of its oil production to the Nicolás Maduro regime under the new terms agreed to resume operations in Venezuela. The pact with Petróleos de Venezuela S.A. (PDVSA) was sealed shortly after Washington granted a specific license to the company to operate under regulatory supervision.]]>
Trump’s Chevron Deal Is a Win for America
The Trump administration has taken the decision to reinstate Chevron’s licence to operate in Venezuela, marking a decisive and long-overdue shift in its Venezuela policy. The decision, which will see Chevron resume operations in the world’s largest proven oil reserves after being barred in May 2025, is more than an economic arrangement. It is a significant foreign policy recalibration. For too long, US engagement in Venezuela has been driven by …
Chevron, one of the main oil companies in the United States, plans to resume crude oil exports from Venezuela to the United States this month. The company received a restricted license from the Treasury Department that allows it to operate under the sanctions regime in force against the South American country. Mike Wirth, executive director of Chevron, confirmed this Friday that they expect to resume a limited number of shipments in August, unde…
The week before, President Nicolás Maduro confirmed the company's return to the Venezuelan oil business. (RT en Español)- The US transnational Chevron aspires to produce a "limited amount of oil" in Venezuela to direct it to the US market, in accordance with the policy of sanctions imposed on the South American country by the White House. "This [...]
Chevron’s return to Venezuela fuels controversy over oil payments to Maduro – Oil & Gas 360
(Oil Price)– Chevron will transfer part of the oil it produces in Venezuela to the Maduro government, Bloomberg has reported, citing unnamed sources. The deal follows the U.S. granting a sanction exemption to the supermajor so it could continue operating in Venezuela. The terms of the deal are similar to those of other international oil majors operating in Venezuela, Bloomberg’s sources said, notably paying royalties in the form of crude. Chevron
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