02:27 PM EDT, 05/28/2025 (MT Newswires) -- Chevron ( CVX ) has terminated the service, procurement and oil production contracts it had to operate in Venezuela, but it plans to keep its direct staff in the country, Reuters reported Wednesday, citing four sources close to the decisions.

Chevron ( CVX ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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