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Chevron Corp (NYSE:CVX) is negotiating with the Trump administration to expand its Venezuela oil license, aiming to boost exports to 300,000 barrels per day by March. The move comes as Trump pivots toward energy independence policies,
Chevron is the only U.S. oil major operating in Venezuela through a special license issued by the Treasury Department.
Supermajor to focus on boosting production from existing operations rather than fast-track expansion, says finance chief
Investors don't need to worry about this oil major's sterling dividend track record or its future.
Chevron Corp. intends to finance Venezuelan oil investments with cash from oil sales rather than committing new capital to the country, Chief Financial Officer Eimear Bonner said in an interview.
Chevron Corporation (NYSE:CVX) is included among the 10 Best American Oil and Gas Stocks to Buy. Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline,
Chevron is most exposed to Venezuela license decisions. SLB and Halliburton CEO's just explained how big the impact could be on their businesses.
Baghdad is in talks with Chevron to take over operatorship, but negotiations are stalled as the U.S. major seeks higher returns than those offered under the field’s existing technical service contract.