US Cancels Chevron's Oil License in Venezuela

Maduro refuses further deportation flights of Venezuelan deportees after US cancels Chevron's oil license, blames US for migrant crisis caused by his regime. US ends license due to electoral conditions and slow deportation pace. OFAC confirms license termination on April 3, 2025, giving Chevron a month to wind down operations. Maduro accuses US of persecution against migrants and calls for respect of human rights. Venezuelan migrant crisis began before Trump sanctions due to socialism collapse. Trump admin to instruct other foreign companies to cease operations in Venezuela.

Revocation of Chevron's Oil License in Venezuela

President Trump revoked Chevron's oil license in Venezuela, granted by former President Biden, citing electoral conditions and failure to transport criminals. Venezuelan regime criticized the decision, claiming it hurts the US, and Maduro vowed to defend the nation. The license was part of Biden's failed efforts to push for a 'free and fair' election in Venezuela.

Termination of Chevron's Permit to Pump and Export Venezuelan Oil

President Trump announced the termination of Chevron's permit to pump and export Venezuelan oil, citing concerns about Venezuela's democratic conditions. Chevron had been exempt from economic sanctions to support the restoration of democracy in Venezuela, but the license is now being revoked.

Chevron Adopts Trump's Renaming of Gulf of Mexico to Gulf of America

Chevron has adopted President Donald Trump’s renaming of the Gulf of Mexico to Gulf of America in its latest earnings release, following an executive order signed by Trump. The name change has not been legally enforced on companies or individuals. Chevron also supported Trump’s inaugural committee with a $2 million donation.

Chevron Relocating Headquarters from California to Texas

Chevron plans to relocate its headquarters from California to Texas due to excessive regulation and clashes with authorities over climate policies. Other companies have also cited lower taxes and lighter regulation as reasons for moving to Texas. Elon Musk previously announced moving the headquarters of X and SpaceX from California for similar reasons.

Renewal of U.S. Sanctions on Venezuela's Oil Industry

The U.S. is renewing sanctions on Venezuela's oil industry due to concerns over the Venezuelan government's actions related to free and fair elections. Chevron is allowed to continue a joint venture with Venezuela's national oil company amidst these sanctions.