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U.S. Extends Chevron’s License to Operate in Venezuela
- The Trump administration granted a 60-day extension to Chevron’s authorization allowing the company to maintain its oil extraction and export operations in Venezuela as of May 23, 2025.
- The extension followed the initial March 2025 order to cease operations, driven by US sanctions aimed at pressuring Venezuela's authoritarian government and cutting off heavy crude supply to Gulf Coast refineries.
- Chevron, a Texas-headquartered minority partner in joint ventures producing about a quarter of Venezuela's oil, planned to boost exports but faced complex logistics including rebranding over $1 billion of oil exports to evade sanctions.
- Chevron’s CEO Mike Wirth indicated that the company is engaging with the White House regarding its operations, cautioning that Chevron’s withdrawal could advantage geopolitical competitors, even as shipments of Venezuelan crude persist despite a 25% US tariff on imports.
- This license extension and ongoing negotiations with Maduro's government imply a US partial rethink of Venezuela policy, impacting bilateral relations and allowing Chevron more time to recover investments or wind down operations orderly.
18 Articles
18 Articles
Venezuela: US Grants 60-Day Chevron Extension; Direct Talks Lead to US Soldier Release - Venezuelanalysis
Caracas, May 21, 2025 (venezuelanalysis.com) – The Donald Trump administration has announced a two-month extension of Chevron’s license to operate in Venezuela. The US oil company had General License 41, a sanctions waiver issued by Trump’s predecessor that allowed it to operate in the country, canceled in March as part of the White House’s escalation of economic sanctions against the Caribbean nation. Chevron’s May 27 deadline to wind down its…
U.S. Extends Chevron’s License to Operate in Venezuela
The U.S. federal government will extend a sanction waiver allowing Chevron to keep doing business in Venezuela by another 60-days as negotiations with the Maduro government continue, Bloomberg has reported, citing an unnamed source familiar with developments. The Trump admin in March gave Chevron a 30-day notice to wrap its business in Venezuela and leave, threatening to disrupt the supply of heavy crude for Gulf Coast refineries. Indeed, the de…
Trump Gives Maduro Oxygen: Extends Chevron’s License · Global Voices
New ball of oxygen from the White House to the regime of Nicolás Maduro and to the oil companies that do business with him. Donald Trump’s administration will extend two months the license of the American Chevron to operate in Venezuela. Trump’s special adviser, Richard Grenell, plans to meet in Antigua with envoys of the Maduro dictatorship, in contacts in which the US diplomacy commanded by Marco Rubio is not involved, as ABC may have known. I…
US Grants 60-Day Chevron Extension: Direct talks lead to US soldier release - Caribbean News Global
White House Envoy Richard Grenell held negotiations with Maduro government officials in Antigua. By Ricardo Vaz CARACAS, (venezuelanalysis.com) – The Donald Trump administration has announced a two-month extension of Chevron’s license to operate in Venezuela. The US oil company had General License 41, a sanctions waiver issued by Trump’s predecessor that allowed it to operate in the country, cancelled in March as part of the White House’s escala…
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