The Trump administration is preparing to issue a narrowly tailored license to Chevron (CVX), allowing the company to conduct minimal maintenance of essential operations in Venezuela, Bloomberg reports, citing people familiar with the matter. The Treasury Department plans to grant the waiver allowing the company to carry out only critical upkeep and safety-related functions, the people added.
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Read More on CVX:
- Chevron price target lowered to $170 from $172 at BofA
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- OPEC+ considering another output hike for July, Bloomberg reports
- Chevron Venezuela waiver set to by extended another 60 days, Bloomberg says
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