Chevron

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Chevron: Involved in potential Venezuelan oil investments, facing scrutiny over fossil fuel holdings.

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Chevron is a major US oil company, currently newsworthy due to potential investments in Venezuela and scrutiny over its fossil fuel holdings. Recent events include a push by the Trump administration for oil companies to invest in Venezuela following the toppling of Nicolás Maduro. Trump has promised 'total safety' for these investments. However, ExxonMobil's CEO has expressed concerns about Venezuela's 'uninvestable' status, citing legal hurdles. Chevron, along with other large and small oil companies, was summoned to a White House meeting to discuss these opportunities. Simultaneously, the Bill Gates Foundation Trust, despite claims of divestment, has increased its investments in fossil fuel extractors, including Chevron, raising questions about its commitment to environmental sustainability. This highlights Chevron's ongoing involvement in fossil fuel extraction amidst a changing geopolitical landscape and increasing pressure for sustainable practices.
Last updated: February 2, 2026