The US administration of Donald Trump is giving Chevron Corp. one month to stop producing oil in Venezuela, delivering a heavy blow to President Nicolas Maduro’s autocratic regime.

Chevron (CVX), a global oil giant, is a dominant force in the energy sector, with operations in over 180 countries. But in Venezuela, its grip is slipping. CVX stock dipped on Wednesday, slipping by 1.

Chevron would like to see durability in U.S. energy policy rather than swings from one extreme to another, CEO Mike Wirth said on Monday.

President Donald Trump says he is reversing a Biden-era grant allowing Chevron to operate within Venezuela on Wednesday. Trump detailed the decision in a lengthy post on Truth Social, stating that Venezuelan President Nicolas Maduro had not upheld his end of the bargain.

President Donald Trump said that the United States will cancel a license that allowed U.S. oil company Chevron Corporation CVX to produce and export oil in Venezuela. In November 2022, the Biden administration allowed these concessions to promote free elections in Venezuela.

Chevron responded Wednesday to President Donald Trump's decision to terminate a U.S. permit allowing the company to pump and export Venezuelan oil, saying it is assessing the implications of the move.

We recently published a list of 10 Companies that Just Raised their Dividends. In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against other companies that just raised their dividends.

President Trump on Tuesday reversed a Biden-era license that allowed the oil giant to operate in Venezuela despite US sanctions

US President Donald Trump revoked Chevron's permission to operate in Venezuela, citing unmet conditions by Nicolás Maduro's government. This decision affects the country's economy and US fuel prices.