HOUSTON, Aug 1 (Reuters) - U.S. oil producer Chevron ( CVX )

expects its exports of Venezuelan crude to the U.S. to

resume this month, the company's chief executive said on Friday,

following a restricted license received this week from the U.S.

Treasury Department to operate in the sanctioned country and do

oil swaps.

Chevron's ( CVX ) CEO Mike Wirth also said in a call to disclose its

quarterly results that the exports will begin with a 'limited

amount,' and added that he does not expect the flows to have a

material impact on the company's third-quarter results.