Chevron Corporation announced plans to resume limited oil production and exports from Venezuela to the United States this month. This development follows the Trump administration's reversal of its earlier decision to cancel Chevron's license to operate in Venezuela. The reactivation of Chevron's Venezuelan operations is expected to bring additional foreign currency into Venezuela and positively impact the country's economic growth, according to Conindustria. The Wall Street Journal confirmed the U.S. government's approval for Chevron to restart extraction activities in Venezuela. Meanwhile, Chevron's stock rose 8% amid a broader boost to U.S. energy exports driven by a $750 billion trade deal with the European Union, which includes a three-year commitment to purchases that have lifted the energy sector by 1%.