US Expected to Extend Chevron Operations Deadline in Venezuela

The Trump administration is reportedly set to extend Chevron's deadline to cease operations in Venezuela, initially due by April 3, following lobbying efforts from the company. Sources indicate that Chevron will receive at least 30 additional days to wind down its activities, which play a significant role in Venezuela's oil production and economy. Chevron CEO Mike Wirth has actively engaged with U.S. officials, arguing that a sudden withdrawal could destabilize the region and increase Chinese influence. The extension comes amid a broader U.S. strategy to pressure oil companies to stop operations in Venezuela, with other firms facing potential license revocations. Critics argue that Chevron's continued presence supports an authoritarian regime, complicating U.S. foreign policy objectives in Latin America. The situation reflects ongoing tensions between U.S. sanctions and the geopolitical implications of American corporate interests abroad.