Chevron Ships Venezuelan Oil to US Amid Partial Blockade

GuruFocus
2025.12.30 11:47
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Chevron continues to ship Venezuelan crude oil to the US despite increasing pressure from Washington on Caracas. Recent tanker-tracking data reveals that at least two Chevron-chartered vessels have successfully unloaded at US ports, with three more on the way. Chevron operates under a US license that exempts its ships from sanctions. The US government is intensifying efforts to restrict Venezuelan oil exports, while Chevron's operations remain unaffected for now, potentially allowing for more shipments in the near future.