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U.S. orders wind down of Chevron's oil exports from Venezuela in 30 days - TL;DR CNBC

U.S. orders wind down of Chevron's oil exports from Venezuela in 30 days

Publishing timestamp: 2025-03-04 16:21:06


Summary

The Trump administration is ending Chevron's license to operate in Venezuela and export oil due to lack of progress on electoral reforms and migrant returns. Chevron will have until April 3 to wind down exports. Venezuela's government called the decision damaging and inexplicable.


Sentiment: NEGATIVE

Tickers: CVX

Keywords: chevron corpbusiness newsbreaking news: marketsenergybusinesspoliticsmarkets

Source: https://www.cnbc.com/2025/03/04/us-orders-wind-down-of-chevrons-oil-exports-from-venezuela-in-30-days.html


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