US Issues Limited License for Chevron to Remain in Venezuela

The Trump administration issued a stripped-down license to Chevron Corp. to remain in Venezuela, allowing the company to conduct minimal maintenance on equipment but prohibiting it from producing oil in the sanctioned South American nation.

The waiver granted Tuesday by the Treasury Department is similar to the one the company operated under during President Donald Trump’s first term, according to a person familiar with the decision who asked not to be identified. Bloomberg News reported Friday that Chevron would receive the license.