Chevron Corp, the last U.S. oil company operating in Venezuela, said on Thursday...
HOUSTON/WASHINGTON - Chevron Corp, the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls whether to renew its license, expiring on Saturday, to do business there.
The United States has said it considers Maduro’s re-election last year illegitimate and has recognized opposition leader Juan Guaido, who invoked the country’s constitution in January to declare himself interim president, as Venezuela’s leader. President Donald Trump’s administration in January issued licenses to five companies. The other four are Halliburton Co, Schlumberger, GE’s Baker Hughes and Weatherford International. [WEATH.UL] All have largely halted operations.
“I would expect them to take a write-down if they don’t get an extension,” Rowland said, adding that it would not be significant. If Chevron leaves, its assets would likely end up in the hands of Russian oil giant Rosneft, which would be counter to U.S. foreign policy goals, sources familiar with the matter said this week.
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