Evidence from credible sources supports the statement as accurate. Learn more in Methodology.
No other U.S.-based oil companies have ongoing operations in Venezuela aside from Chevron, as confirmed by company disclosures, industry records, or government trade/operations data.
Multiple independent, reputable sources indicate that Chevron is the only U.S. oil producer with ongoing, sanctioned operations in Venezuela.
An NPR segment from December 23, 2025 explicitly states, “Chevron is the only U.S. oil company in Venezuela at the moment,” in the context of current operations and U.S. policy toward Venezuelan oil. A December 29, 2025 report by OilPrice, summarizing Bloomberg’s reporting, notes that “Chevron remains the only U.S. oil company permitted to produce and export crude from Venezuela,” under its U.S. Treasury license. A July 30, 2025 Reuters report describes a restricted U.S. license allowing Chevron to operate in Venezuela and contrasts Chevron with “a handful of European oil companies,” without mentioning any other U.S. oil operator, reflecting that Chevron is the sole American firm with such authorization. These sources, spanning mid‑2025 to late December 2025 and focusing specifically on corporate operations and sanctions, consistently identify Chevron as the only U.S. oil company currently operating/producing in Venezuela, supporting the claim as of early January 2026.
Verdict: True, because current, independent reporting and sanctions-related documentation consistently indicate that Chevron is the only American oil company with active, authorized petroleum operations in Venezuela at the relevant time.