Chevron Doubles Down on Venezuela as U.S. Pressure and Production Risks Mount [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
The company had secured a sanction waiver from the Biden administration, but President Trump canceled that—temporarily. Since then, Chevron has had to contend with political uncertainty and, lately, the prospect of a hot war between the U.S. and Venezuela. But it is not leaving. Chevron previously produced up to 240,000 barrels per day through its joint ventures with Venezuela's PDVSA. Indeed, looking further back, American oil companies were the dominant players in Venezuela's energy industry until about the 1970s, when the Venezuelan government nationalized the oil industry. More recently, Venezuela's late Hugo Chavez also nationalized oil assets, compensating the companies but insufficiently, as they argued and then sued. Now, Venezuela is on the hook for billions in compensation, and President Trump is claiming , “They took all of our oil not that long ago. And we want it back. They took it — they illegally took it.” Chevron also had oil assets nationalized under President Chá
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News
- Chevron: the only foreign oil company left in Venezuela [Yahoo! Finance]Yahoo! Finance
- Chevron: The Only Foreign Oil Company Left In Venezuela [Barron's]Barrons
- Oil Tankers Set Sail From Venezuela Despite US Pressure [Yahoo! Finance Canada]Yahoo! Finance Canada
- The Smartest High-Yield Energy Stocks to Buy With $500 Right Now [Yahoo! Finance]Yahoo! Finance
- Sanctioned Tankers Load Venezuelan Oil Despite US Pressure [Yahoo! Finance]Yahoo! Finance
CVX
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- 10/31/25 - Beat
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Sec Filings
- 12/19/25 - Form 4
- 12/19/25 - Form 4
- 12/19/25 - Form 4
- CVX's page on the SEC website