In the wake of the Trump administration’s decision to revoke Chevron Corp. (NYSE:CVX) license to operate in Venezuela, CEO Mike Wirth is seeking an extension to wind down the company’s operations in the country.
What Happened: Wirth has been engaging with Trump’s cabinet members, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent. The CEO also had a meeting with President Donald Trump at an event for energy executives hosted by the American Petroleum Institute, as per a Wall Street Journal report.
Wirth’s request has met with opposition from cabinet members who disapprove of Venezuelan leader Nicolás Maduro. Wirth cautioned Rubio in a call that Chevron’s exit could pave the way for China and other U.S. rivals to expand their influence in Venezuela.
Despite this, Rubio, a staunch critic of Maduro, maintained that Chevron should comply with the Trump administration’s April 3 deadline …
Full story available on Benzinga.com
In the wake of the Trump administration’s decision to revoke Chevron Corp. (NYSE:CVX) license to operate in Venezuela, CEO Mike Wirth is seeking an extension to wind down the company’s operations in the country.
What Happened: Wirth has been engaging with Trump’s cabinet members, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent. The CEO also had a meeting with President Donald Trump at an event for energy executives hosted by the American Petroleum Institute, as per a Wall Street Journal report.
Wirth’s request has met with opposition from cabinet members who disapprove of Venezuelan leader Nicolás Maduro. Wirth cautioned Rubio in a call that Chevron’s exit could pave the way for China and other U.S. rivals to expand their influence in Venezuela.
Despite this, Rubio, a staunch critic of Maduro, maintained that Chevron should comply with the Trump administration’s April 3 deadline …
Full story available on Benzinga.com
In the wake of the Trump administration’s decision to revoke Chevron Corp. (NYSE:CVX) license to operate in Venezuela, CEO Mike Wirth is seeking an extension to wind down the company’s operations in the country.
What Happened: Wirth has been engaging with Trump’s cabinet members, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent. The CEO also had a meeting with President Donald Trump at an event for energy executives hosted by the American Petroleum Institute, as per a Wall Street Journal report.
Wirth’s request has met with opposition from cabinet members who disapprove of Venezuelan leader Nicolás Maduro. Wirth cautioned Rubio in a call that Chevron’s exit could pave the way for China and other U.S. rivals to expand their influence in Venezuela.
Despite this, Rubio, a staunch critic of Maduro, maintained that Chevron should comply with the Trump administration’s April 3 deadline …Full story available on Benzinga.com Read Morebenzinga neuro, Chevron, CVX, Donald Trump, Mike Wirth, News, Nicholas Maduro, Venezuela, Markets, CVX, US1667641005, News, Markets, Benzinga Markets
