Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President Nicolás Maduro is benefiting from the US company’s oil production in spite of sanctions.

In a series of recent policy announcements, U.S. President Donald Trump has signaled significant shifts in U.S. energy strategy, particularly concerning oil imports from Venezuela and the export

Caracas, January 19 (RHC)-- Despite the illegal sanctions that the U.S. Treasury Department maintains against Venezuela, Chevron Corp. (CVX), a U.S. oil company, filed tax returns for about 300 million dollars to the Bolivarian government last year, as reported by Bloomberg News this week.

President Nicolás Maduro of Venezuela aimed for a democratic election amid US economic sanctions, offering Chevron a permit to export Venezuelan oil. Despite an unfair election and criticism, oil revenues have bolstered Venezuela's economy.

Credit: AP/Matias Delacroix California-based Chevron Corp., which first invested in Venezuela in the 1920s, does business in the country through joint ventures with the state-owned company ...

Chevron Corp. presentó declaraciones de impuestos por valor de unos US$300 millones al gobierno venezolano el año pasado, lo que plantea interrogantes sobre cuánto se está beneficiando el presidente Nicolás Maduro de la producción petrolera de la compañía estadounidense a pesar de las sanciones.

Rubio, considered a shoo-in to be confirmed as incoming President Trump's secretary of state, criticized "general licenses where companies like Chevron are actually providing billions of dollars of money into the regime's coffers, and the regime kept none of the promises that they made... so all that needs to be re-explored."

Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for lack of fairness.

Chevron (NYSE:CVX) filed tax returns worth $300M with the Venezuelan government last year, saying in March 2024 that its ventures owed 8.1B bolivars to the country's tax agency, Bloomberg reported Thursday.

Chevron filed documents saying its ventures in Venezuela owed 8.1 billion bolivars to Seniat, Venezuela’s tax agency, in March 2024 under its registered name in the country, Chevron Global ...

Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.Most Read from BloombergThese Homes Withstood the LA Fires.

Natural gas, OPEC+ decisions, CVX's acquisition of HES, biofuels and market volatility each present unique opportunities and challenges.