Chevron's Venezuelan Tax Filing: A Double-Edged Sword

Chevron Corp., one of the world's largest oil and gas companies, has filed tax returns worth about $300 million with the Venezuelan government, raising questions about the company's relationship with the U.S. government and the potential risks it faces from operating in Venezuela under sanctions. The filing, which occurred in March 2024, highlights the complex situation Chevron finds itself in, as it seeks to balance its business interests with the geopolitical landscape.