Chevron is complying with the U.S. Administration’s requirements, but it is not winding down all activities in Venezuela preparing to leave the country, the U.S. supermajor’s chief executive officer Michael Wirth told CNBC on Friday.
“We intend to comply, obviously, with the requirements of the government, but we’re not actually winding down or leaving the country,” Wirth said in an interview with CNBC today. “We’re winding down certain activities,” he added.
Last month, U.S. President Donald Trump ordered Chevron to start “winding down” activities in Venezuela in the latest increase in pressure against the Nicolas Maduro government in Caracas.
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