US EditionVenezuela’s PDVSA Oil Sales Abroad Hit $17.5 Billion in 2024 as Exports Jump – Oil & Gas 360
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Venezuela’s PDVSA oil sales abroad hit $17.5 billion in 2024 as exports jump – Oil & Gas 360
(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. licenses allowing foreign partners to operate in the sanctioned OPEC member. There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. Venezuela has some of
By 2024, the state Oils of Venezuela S.A (Pdvsa) reported revenues from hydrocarbon exports in the order of US$17,520 million, in a year in which the U.S. licenses that allowed foreign companies to operate in the country were in force, according to a report of results seen by the Reuters Agency. At the end of [...] The Reuters entry: Revenues from oil exports of PDVSA were of US$17,520 million in 2024 was first published in Information Focus.
In late May 2025, the U.S. government revoked licenses for partners of the state-owned company, including Chevron, that allowed the export of Venezuelan crude oil.
At the end of May, Washington cancelled licenses to state-owned Pdvsa partners, including Chevron, which exported crude
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