Chevron Doubles Down On Venezuela As New Oil Rules Take Shape

2026-01-27 - 14:20

Key Points Chevron signaled it will keep operating in Venezuela as lawmakers move to rewrite key oil rules. Output tied to Chevron is a major share of near-term production, but exports still swing with licensing limits. Trade frictions, including a China-linked pullback, show how political control still shapes every barrel. Chevron’s senior representative in Venezuela,