Chevron is seeking an extension of at least 60 days to wind down its Venezuela operations, having received a 30-day notice from the U.S. government. CEO Mike Wirth has engaged with Trump’s cabinet to discuss this extension. An official response from Chevron is awaited.

Chevron, a prominent U.S. oil corporation, is advocating for a longer period to conclude its operations in Venezuela. According to a report by the Wall Street Journal, the company is in discussions with U.S. officials regarding this matter.

Recently, the U.S. administration granted Chevron a 30-day window, expiring in early April, to cease all oil operations and exports to the United States under a license granted in 2022. The CEO, Mike Wirth, has communicated with notable figures within President Trump’s cabinet, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent.

During these discussions, Wirth has requested an extension of at least 60 days beyond the current April deadline. Chevron has yet to provide a response to Reuters regarding this lobbying effort.

In conclusion, Chevron’s attempts to extend its operational deadline in Venezuela highlight the complexities surrounding U.S. foreign policy and corporate interests. With the company seeking at least an additional 60 days, it remains to be seen how the U.S. administration will respond to these requests amid ongoing political dynamics.

Original Source: www.marketscreener.com

Related posts:

U.S. Terminates Chevron’s Oil Export License in Venezuela Amid Political Tensions U.S. Ends Chevron’s Oil Export License, Impacting Venezuela’s Economy U.S. Orders Chevron to Halt Venezuela Operations Within 30 Days Chevron’s Venezuelan Oil Operations Persist Despite U.S. Deadline