Chevron CEO weighs in on oil legislation after Trump pulled its license to operate in Venezuela: ‘Swinging from one extreme to the other is not the right policy approach' [Fortune]
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Source: Fortune
Trump's executive order punished Venezuela for not cooperating with an agreement to bring Venezuelan migrants living in the U.S. back to their home country. Wirth emphasized the importance for industry stability after administration changes and called for stronger oil legislation. Chevron CEO Mike Wirth said U.S. oil legislation should be more “durable” and not be at “risk of being swung back in another direction by a future administration” after President Donald Trump's executive order that to halt the company's production in the country. In February, Chevron was caught in diplomatic crossfire as Trump pulled a 2022 license administered by then-President Biden that allowed the company to operate and export Venezuelan oil. The license termin
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News
- Putin, Maduro Vow To Boost Ties In Wake Of Trump Sanctions [Barron's]Barrons
- Kazakhstan leads OPEC+ oil output surge, OPEC maintains demand view [Yahoo! Finance]Yahoo! Finance
- Venezuela Policy Switches Under Trump Rattle Country's Bonds [Yahoo! Finance]Yahoo! Finance
- Venezuela to Resume Receiving Deportation Flights, US Says [Yahoo! Finance]Yahoo! Finance
- Advisory: Chevron to Present at Piper Sandler 25th Annual Energy ConferenceBusiness Wire
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