U.S. President Donald Trump's administration is preparing to issue a narrowly tailored license to Chevron, allowing the company to conduct minimal maintenance of essential operations in Venezuela, Bloomberg News reported on Friday.

The U.S. will allow its Venezuela oil license to expire on May 27, ending Chevron’s waiver and intensifying sanctions as oil exports from the country continue to decline.

The Trump administration is set to again extend Chevron's license to operate in Venezuela, Bloomberg reported on Tuesday

Oil producer Chevron's U.S. license to operate in Venezuela will expire on May 27 as planned, Secretary of State Marco Rubio said in a post on his personal X account.

Chevron's license to operate in Venezuela is set to expire on May 27, as originally planned. Despite previous discussions indicating a possible extension, U.S. officials clarified no such extension will be offered.

Oil producer Chevron's U.S. license to operate in Venezuela will expire on May 27 as planned, Secretary of State Marco Rubio

Venezuelan opposition leader Juan Pablo Guanipa was arrested by the Venezuelan regime shortly after Secretary of State Marco Rubio announced the U.S. won't renew Chevron's license to export oil from t

Chevron (CVX) stock slightly declined Thursday after the U.S. Secretary of State, Marco Rubio, said the company’s license to operate in Venezuela would expire on May 27, as scheduled. Rubio's announcement on X late Wednesday was a complete reversal from U.