Chevron's Venezuela Operations: Benefiting US Interests?
Update: 2025-12-10
Description
Chevron, the sole U.S. energy company in Venezuela, is navigating political tensions as it maintains operations amidst U.S. sanctions. Despite producing over 240,000 barrels daily, Chevron can only export half, with the rest used domestically. The companys CEO, Mike Wirth, argues that Chevrons presence benefits U.S. interests, aligning with the Trump administrations increased military presence in the Caribbean. Chevrons activities, including upgrading heavy crude and exporting to U.S. refineries, continue under the watchful eye of the Treasury Departments sanctions.
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