Trump Faces Thorny Choice With Chevron’s Venezuela Licenses
The president risks losing key leverage against Maduro if he pulls the supermajor’s sanctions waiver.
A safety alert placard at Chevron Corp. offices in Caracas. The Biden administration gave the company permission to operate in Venezuela despite US sanctions.
Photographer: Matias Delacroix/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities powering the global economy. Today, senior reporter Kevin Crowley examines the dilemma facing the White House over Chevron Corp.’s operations in Venezuela. To read about heat-resistant bulls helping Nigeria’s dairy farmers, click here.
At first glance, revoking Chevron Corp.’s licenses to operate in Venezuela may look like one of the most straightforward things on US President Donald Trump’s to-do list.