CreditSights' Ben Morgan and Charles Johnston said in a report that if the US government controls the Venezuelan oil industry, US energy company Chevron may be the biggest beneficiary. The US said it will strengthen its control over Venezuelan oil after arresting the Venezuelan president over the weekend. “Chevron is the only US energy company operating in Venezuela, and the company has retained its operating license until 2025,” these analysts said. CreditSights analysts say the company may benefit from its Venezuelan business, but its management “has publicly stated that it favors investments in other regions,” such as Guyana.

Zhitongcaijing · 4d ago
CreditSights' Ben Morgan and Charles Johnston said in a report that if the US government controls the Venezuelan oil industry, US energy company Chevron may be the biggest beneficiary. The US said it will strengthen its control over Venezuelan oil after arresting the Venezuelan president over the weekend. “Chevron is the only US energy company operating in Venezuela, and the company has retained its operating license until 2025,” these analysts said. CreditSights analysts say the company may benefit from its Venezuelan business, but its management “has publicly stated that it favors investments in other regions,” such as Guyana.