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Chevron's exports of Venezuelan oil expected to resume this month, CEO says

ReutersAug 1, 2025 3:44 PM

- U.S. oil producer Chevron CVX.N expects its exports of Venezuelan crude to the U.S. to resume this month, the company's chief executive said on Friday, following a restricted license received this week from the U.S. Treasury Department to operate in the sanctioned country and do oil swaps.

Chevron's CEO Mike Wirth also said in a call to disclose its quarterly results that the exports will begin with a 'limited amount,' and added that he does not expect the flows to have a material impact on the company's third-quarter results.

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