Chevron 'hopeful' of US approval to continue operating in Venezuela

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Chevron 'hopeful' of US approval to continue operating in Venezuela
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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 ...

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.

A decision will be made before the 12:01 a.m. Eastern Time on Saturday renewal deadline, a U.S. administration official said on Thursday. "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.

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