Energy
Chevron Faces New Venezuela Risk as Maduro Threatens Guyana
- US seen reimposing sanctions if bluster turns to annexation
- But analysts say US giant’s deal for Hess is likely safe
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After operating for a century in Venezuela through booms, busts and US sanctions, Chevron Corp. is being tested again.
If the nation’s president, Nicolás Maduro, follows through on his threat to annex a huge swath of neighboring Guyana, analysts expect the US to reinstate sanctions and potentially revoke a license that allowed the oil supermajor to resume operating in Venezuela.