(Bloomberg) — Chevron Corp.’s capacity to proceed exporting crude from Venezuela is underneath evaluate, President Donald Trump mentioned, signaling an openness to tighter restraints on the oil large’s operations within the South American nation.
“We’re taking a look at that now,” Trump advised reporters at his Mar-a-Lago membership in Florida on Tuesday. “We’re wanting on the complete state of affairs.”
Requested whether or not he could be inclined to proceed to permit oil exports through Chevron and different corporations, Trump mentioned “perhaps not.”
Regardless of sanctions curbing US enterprise dealings in Venezuela, Chevron has been capable of proceed operations within the nation, working throughout the bounds of contracts it held in 2019. It has been capable of increase exports of artificial oil by way of operational adjustments and gear replacements, Bloomberg Information reported final week.
Representatives of Chevron didn’t instantly reply to a request for remark.
–With help from Stephanie Lai and Lucia Kassai.
©2025 Bloomberg L.P.
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