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U.S. extends Chevron's wind-down in Venezuela after Trump unveils 25% tariff [CNBC]

Chevron Corporation (CVX) More Company Research Source: CNBC

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

US:NYSE Investor Relations: chevron.com/investors

The U.S. extended 's wind-down of oil exports from Venezuela by two months on Monday, after President Donald Trump said that any country buying oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States. In an expected move, the Trump administration extended until May 27 the wind-down of a license that the U.S. had granted to Chevron since 2022 to operate in sanctioned Venezuela and export its oil. Chevron is only permitted to export that oil to the United States. Trump had initially given Chevron 30 days from March 4 to wind down that license after he accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns. Chevron did not immediately respond to a request for comment. Earlier on Monday, Trump announced a “secondary tariff” to take effect on April 2, in a post on Truth Social. The two moves taken together alleviate some pressure on Chevron while putting more pressure on consumers of Venezuelan oil, though [Read more]

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