Chevron Corporation announced that it expects to resume limited exports of Venezuelan crude oil to the United States within August 2025. This development follows the U.S. Treasury Department's issuance of a restricted license allowing Chevron to operate in Venezuela despite ongoing sanctions. The company’s CEO confirmed the resumption of oil flows after the administration of President Donald Trump reversed an earlier decision to cancel Chevron's operating license in the South American country. Analysts from Oxford Economics have suggested that the return of foreign oil companies like Chevron could help stabilize Venezuela's bolívar currency and potentially reverse the decline in the nation's crude oil production.