While the stock hasn’t shown much momentum, the business remains robust: although revenue has declined at an average of 6.2% annually over the last three

Chevron CEO Mike Wirth explains why the company—the only U.S. energy firm still operating in Venezuela—is maintaining its presence despite escalating tensions. Recorded on Dec. 9, 2025.

While U.S. military pressure on Venezuela has forced vessels to idle at ports or steer away from the region, it continues to be business as usual for one U.S. company. Chevron (CVX), which has been present in Venezuela for more than a century,

Chevron cut the price of Venezuelan crude after U.S. forces seized a tanker carrying sanctioned oil, adding pressure to an already weak Gulf Coast market.

The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.

The exports come as the Trump administration enforces a naval blockade aimed at restricting sanctioned vessels entering or leaving Venezuela. Tensions escalated last week when U.S. forces intercepted the supertanker Skipper, prompting several vessels to turn away or avoid the area.

Chevron Corp. is flying employees from Caracas to its oil production sites in Venezuela despite a US warning to operators that air travel in the region may be unsafe due to military satellite interference.

Venezuela on Thursday authorized two very large crude carriers (VLCC) to set sail for China, according to two sources familiar with Venezuela's oil export operations, which would be only the second and third supertankers to depart the country since the U.

Earlier in July, Bloomberg reported that Chevron would hand over a percentage of its Venezuelan production to the Maduro government under new terms negotiated after receiving a U.S. license to restart operations.

Trump orders complete blockade of Venezuelan oil tankers, calling nation's assets "stolen" as U.S. naval forces surround the country in escalating tensions.

US warships, tanker seizures and a declared blockade are squeezing Venezuela’s oil lifeline. As exports slow to a crawl, Chevron remains the lone US operator and even that window may be closing.