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Stockreport

Venezuelan oil exports fall on US sanctions, lower sales to Asia [Reuters]

Chevron Corporation (CVX)  More Company Research Source: Reuters
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
out of the country's waters as a reimposition of U.S. sanctions approached, according to shipping data and documents. The U.S. Treasury Department last month said it would not renew a six-month license extended to Venezuela's oil sector last year, and gave companies until the end of May to wind down pending transactions. A total of 37 vessels departed from Venezuela's ports in April. Exports averaged 545,000 barrels per day (bpd) of crude and fuel, below a peak of 873,500 bpd shipped in March and 703,000 bpd exported in the same month a year-ago, according to data from financial firm LSEG based on tanker movements. About six supertankers have left Venezuela empty in recent weeks after waiting for months to load crude at ports operated by state oil company PDVSA (PDVSA.UL). and customer fears the wind-down period granted by Washington would not be enough to complete the sales were behind the departures, the data and company documents showed. At least two of the tankers that lef [Read more]
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Stockreport

Venezuelan oil exports fall on US sanctions, lower sales to Asia [Reuters]

Chevron Corporation  (CVX) 
More Company Research Source: Reuters
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
out of the country's waters as a reimposition of U.S. sanctions approached, according to shipping data and documents. The U.S. Treasury Department last month said it would not renew a six-month license extended to Venezuela's oil sector last year, and gave companies until the end of May to wind down pending transactions. A total of 37 vessels departed from Venezuela's ports in April. Exports averaged 545,000 barrels per day (bpd) of crude and fuel, below a peak of 873,500 bpd shipped in March and 703,000 bpd exported in the same month a year-ago, according to data from financial firm LSEG based on tanker movements. About six supertankers have left Venezuela empty in recent weeks after waiting for months to load crude at ports operated by state oil company PDVSA (PDVSA.UL). and customer fears the wind-down period granted by Washington would not be enough to complete the sales were behind the departures, the data and company documents showed. At least two of the tankers that lef [Read more]
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CVX
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