factually
Index/Topics/Chevron's Operations in Venezuela

Chevron's Operations in Venezuela

Chevron's decision to remain operating in Venezuela despite political risks and regulatory ambiguity, while other companies like ExxonMobil and ConocoPhillips chose to exit and pursue international arbitration awards.

Fact-Checks

1 result
Jan 6, 2026

How did Chevron’s decision to stay in Venezuela affect its business and legal standing compared with Exxon and Conoco?

Chevron’s long-standing decision to accept Venezuela’s renegotiated terms and remain operating there left it with ongoing, limited production and a unique operational foothold that other U.S. majors l...