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.

Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President Nicolás Maduro is benefiting from the US company’s oil production in spite of sanctions.

In 2022, the White House granted Venezuela a financial lifeline “to support the restoration of democracy” after President Nicolás Maduro promised to work toward an open presidential election, granting U.

Chevron Corp. presentó declaraciones de impuestos por valor de unos US$300 millones al gobierno venezolano el año pasado, lo que plantea interrogantes sobre cuánto se está beneficiando el presidente Nicolás Maduro de la producción petrolera de la compañía estadounidense a pesar de las sanciones.

Rubio, considered a shoo-in to be confirmed as incoming President Trump's secretary of state, criticized "general licenses where companies like Chevron are actually providing billions of dollars of money into the regime's coffers, and the regime kept none of the promises that they made... so all that needs to be re-explored."

(Bloomberg) -- Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.

Chevron (NYSE:CVX) filed tax returns worth $300M with the Venezuelan government last year, saying in March 2024 that its ventures owed 8.1B bolivars to the country's tax agency, Bloomberg reported Thursday.

Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.Most Read from BloombergThese Homes Withstood the LA Fires.

Chevron filed documents saying its ventures in Venezuela owed 8.1 billion bolivars to Seniat, Venezuela’s tax agency, in March 2024 under its registered name in the country, Chevron Global ...

Chevron filed documents saying its ventures in Venezuela owed 8.1 billion bolivars to Seniat, Venezuela’s tax agency, in March 2024 under its registered name in the country, Chevron Global Technology Services Company, according to documents reviewed by ...

The recent oil price rally appears to have been halted, at least temporarily, thanks to hopes of a de-escalation in the Israel-Hamas conflict.

Things seemed to be looking up for Venezuela in 2022. Following years of authoritarian rule and withering economic sanctions, President Nicolas Maduro had agreed to work toward a democratic presidential election.