However, their simplistic argument does not withstand scrutiny. Evidence shows that U.S. sanctions significantly contributed to Venezuela’s economic implosion, while the easing of sanctions in recent years has been associated with a moderate economic recovery that has helped alleviate the worst of the country’s economic crisis.

President Nicolás Maduro of Venezuela aimed for a democratic election amid US economic sanctions, offering Chevron a permit to export Venezuelan oil. Despite an unfair election and criticism, oil revenues have bolstered Venezuela's economy.

The United States and Venezuela navigate a complex relationship involving sanctions, oil licenses, and disputed elections. Controversies persist over diplomatic interactions during and after the presidencies of Trump and Biden.

Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for lack of fairness.

Caracas, January 19 (RHC)-- Despite the illegal sanctions that the U.S. Treasury Department maintains against Venezuela, Chevron Corp. (CVX), a U.S. oil company, filed tax returns for about 300 million dollars to the Bolivarian government last year, as reported by Bloomberg News this week.

Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S., as energy demand to support the growth of artificial intelligence is expected to boom.

Venezuela has the largest proven oil reserves on Earth, but its energy prowess is as much about quality as quantity. Refineries on the US Gulf Coast process Venezuelan crude by the hundreds of thousands of barrels per day. Volumes hit a six-year high in December, according to Kpler, reaching approximately 300 kbd – a 150 kbd year-on-year increase.

A few big questions hang over Chevron as it prepares to report fourth-quarter earnings on Friday. The company’s planned acquisition of Hess is in limbo; the Trump administration may attempt to curtail its production in Venezuela;

The United States and Venezuela have a fraught recent history marked by broken diplomatic relations, sanctions and accusations of criminal activity and coup-plotting.

In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against other best commodity stocks to invest in according to hedge funds. The year 2025 is shaping up ...

The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.

Chevron U.S.A. announced Tuesday a partnership with Engine No. 1 and GE Verona in plan to develop reliable power solutions for U.S. data centers running on natural gas.