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Chevron is trying to protect a special US license that allows operations in Venezuela, and if China and Russia have been influenced by oil production countries and the Western Hemisphere, and being kicked out by the Donald Trump administration.
In an interview with Financial Times, CHEVRON’s highest executive Officer Mike Wirth said that the US Secretary of State, Marco Rubio, needed to reconsider the license, and that the company was involved with the White House.
Worth complies with US law and states that he has stayed from politics, but if a US oil major has left, the rival state oil company can expand in Latin America. I added it.
“Especially in Venezuela, we have seen it in a country away from the west, and companies from China have seen companies from Russia.
Worth said that a third -party study suggested that the Venezuela economy would suffer, if Chevron had left the United States. He sent a special mission of Richard Grenel to Venezuela, a special mission, to Venezuela on Friday and commented just before discussing transactions on the return of overseas expulsions.
Chevron has been active in Venezuela for almost a century, and the license for that is more and more impatient to impose economic sanctions that impose the punishment of the United States. leadership.
In 2022, the Joe Biden administration has granted a license to allow Chevron to expand Venezuela’s business. A wide range of sanctions on the petroleum sanctions were released in October 2023, and companies were able to do business with PDVSA, a national oil producer of Venezuela.
However, Maduro betrayed in July last year with a promise that the opposition parties allowed to choose their own candidates, and the result of Maduro was declared as a winner in a widely regarded fraud. I urged critics. A passage that questions whether Western companies should still continue their business there.
Sanctions were re -imposed last April, but individual exemption licenses, including Chevron, were maintained.
With the license, Chevron has increased the production of Venezuela to about 200,000 barrels per day.
The second largest western oil company, Chevron, had a net profit in the fourth quarter of $ 3.2 billion compared to $ 2.2 billion in the previous year, but the adjusted profit of $ 2.06 per share is estimated by Wall Street. It was below $ 2.11. The company’s shares decreased by 4.6 % at 3:00 pm in New York.
According to Open Secrets, this group, which was an important donation to the Republican candidate in recent election cycles, used a phrase “American Bay” as a revenue material instead of Mexico. Water body.
The opposition of Venezuela, led by Maria Corina Machado, has increased the call for canceling Chevron’s license.
Talking to the FT this month, Machado, who was banned from running in the election, warned Chevron and other foreign companies to “support Maduro’s government.”
Rubio has shown a more strict approach to the country. In a hearing hearing this month, he told the Senator that the Maduro’s Biden administration was “played.”
Rubio states: “Now, they have these common licenses that companies like Chevron have actually provided billions of dollars to government financial resources, so they need to re -investigate everything. “
When Maduro was swearing in his third year of this month, the retirement Biden administration, along with the EU and the UK, announced a adjusted sanctions on Venezuela’s officials, but stopped canceling the exemption license. 。
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Some experts have neglected the concerns that Chinese and Russian rivals can fill all the gaps left by Chevron.
Francisco Monardi, a Latin American energy expert in Rice University in Houston, has said that China and Russian oil companies are unlikely to move on Chevron’s vacation on Venezuela.
“They haven’t done it for the past few years. They have been very cautious, especially since the US sanctions were in place,” said Monardi.
Worth said that Chevron had a considerable amount of Venezuela. “Looking, we run a business. We are not engaged in foreign policy,” he said.
