U.S. oil major
Appears in 3 stories
Only U.S. major operating in Venezuela; CEO calls reforms 'positive' but commits no new capital spending
Hugo Chávez nationalized Venezuela's oil sector in 2007, expropriating assets from ExxonMobil, ConocoPhillips, and other foreign companies. Nineteen years later, less than a month after U.S. forces captured Nicolás Maduro, Venezuela's National Assembly passed legislation reversing that policy. Acting President Delcy Rodríguez signed it into law.
Updated 3 days ago
Operator of Leviathan; key U.S.-linked stakeholder driving expansion and export routing
A day after Israel approved the Leviathan-to-Egypt export permit, Egypt's State Information Service publicly stepped in to reframe the agreement as a strictly commercial arrangement concluded by private energy companies. The framing firewalls the gas lifeline from Gaza-war politics.
Updated May 15
Maintains a licensed channel for Venezuelan crude even as others stall.
Trump's Venezuela "blockade" threat is now backed by policy. Washington has added new Venezuela-linked sanctions and also targeted Iran's shadow-fleet network. Together, these expand the pool of already-sanctioned vessels that the U.S. Navy could board if they try to trade with Venezuela.
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