Chevron (CVX) is set to receive a license from the Trump administration to perform limited essential maintenance on its Venezuelan oil operations, Bloomberg reported late Friday, citing people familiar with the matter.
The potential waiver will allow the company to operate with only critical upkeep and safety-related functions, the people reportedly said.
Chevron did not immediately respond to MT Newswires' request for comment.
US stock markets were closed on Monday in observance of Memorial Day.
Shares were up 0.8% in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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