Trump Administration Cancels Chevron's Venezuela License
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The Trump administration has canceled Chevron's license to produce and export oil in Venezuela, which was granted during the Biden administration. This move is part of a broader foreign policy strategy.
February 27, 2025 | 12:00 pm
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Chevron's license to produce and export oil in Venezuela has been canceled by the Trump administration. This decision could impact Chevron's operations and revenue from the region.
The cancellation of the license directly affects Chevron's ability to operate in Venezuela, potentially reducing its oil production and export capabilities. This could lead to a decrease in revenue from Venezuelan operations, negatively impacting the stock price.
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