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Chevron's CEO Seeks Extension to Wind Down Operations in Venezuela [Yahoo! Finance]

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

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

US:NYSE Investor Relations: chevron.com/investors

in Venezuela, following President Trump's decision to revoke its license to operate in the country, according to the report. This move is part of a broader, last-minute lobbying effort to influence key members of the Trump administration and ensure CVX's interests are safeguarded amid the geopolitical tensions surrounding Venezuela. Chevron has been a significant player in Venezuela's oil industry for years and its operations in the country have been a key subject of debate, particularly under U.S. sanctions. These sanctions have been a major obstacle for Chevron, with the chances of a complete halt to its activities in Venezuela. CVX's involvement in the country is contentious, as critics argue that its presence helps sustain Nicolás Maduro's regime, while others assert that a withdrawal would worsen the economic crisis in Venezuela, increasing instability and migration. Wirth's lobbying blitz has seen him meet with high-ranking officials within President Trump's administration. [Read more]

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