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Biden's Secret Deal Allowed Chevron to Pay Venezuela Millions [Yahoo! Finance Canada]

Chevron Corporation (CVX) More Company Research Source: Yahoo! Finance Canada

Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report

US:NYSE Investor Relations: chevron.com/investors

Most Read from Bloomberg The supplement to a November 2022 sanctions waiver allowed Chevron to remain in compliance with US law while paying the regime of President Nicolás Maduro taxes and oil royalties, said the people, who asked not to be identified discussing non-public information. The initial waiver from the Treasury Department's Office of Foreign Assets Control granted Chevron permission to conduct limited operations in the Latin American nation. The administration of President Donald Trump ended the arrangement and is requiring the Texas oil giant to wind down Venezuelan operations. “Chevron conducts its business globally in compliance with all laws and regulations, including any sanctions frameworks provided for by the U.S. government,” the company said in a statement. The US Treasury Department, which oversees sanction waivers, declined to comment. Kelly Scully, a spokesperson for former President Joe Biden, didn't respond to a request for comment. The sanctions w [Read more]

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