Chevron is in talks with the Trump administration as some Republicans urge the U.S. to revoke its Venezuela operating license. CEO Mike Wirth confirmed ongoing communication with the government to align on objectives.
Chevron is the only major oil producer with a U.S. waiver to operate in Venezuela, producing 20% of the country’s oil and helping boost exports to a five-year high in 2024.Secretary of State Marco Rubio, along with other foreign-policy hawks, argues that Chevron’s operations in Venezuela provide a crucial financial lifeline to President Maduro’s regime, enabling it to enrich itself and continue suppressing civil rights.
These critics believe that Chevron’s presence in the country supports the regime’s authoritarian actions.In response, Chevron CEO Mike Wirth stated that the company makes an effort to help Washington officials understand the broader consequences of Chevron potentially pulling out of Venezuela.
He emphasized that such a move could disrupt U.S. refiners, many of which rely on the heavy crude oil produced by Chevron in Venezuela.
