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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]

Chevron Corporation (CVX) More Company Research Source: Fortune

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

US:NYSE Investor Relations: chevron.com/investors

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 termination to punish Venezuela for not abiding by Trump's request is a common practice for the president, as Trump has used tariffs on Canada, Mexico, and China to challenge those countries to do more at inhibiting the illegal flow of fentanyl int [Read more]

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