Direct exposure
Chevron has direct Venezuela exposure documented on the public record.
Chevron is the most operationally Venezuela-exposed S&P 500 company. It operates four joint ventures with PdVSA (Petroboscan, Petroindependiente, Petroindependencia, Petropiar) under OFAC General License 41, which authorises lifting and importation of Venezuelan-origin crude into the United States.
OFAC Venezuela SDN matches
No entry on the OFAC Venezuela SDN list contains
Chevron
or any of its operating subsidiaries
(Chevron Venezuela, Petroboscan, Petroindependiente, Petroindependencia, Petropiar)
as of the most recent OFAC scrape. Always re-verify with
OFAC Sanctions Search
before transacting.
SEC filings disclosing Venezuela items
Chevron has filed
6 recent SEC documents
containing references to Venezuela, PdVSA, CITGO or related
terms. These are the company's own disclosures.
SEC EDGAR · accession 0000093410-26-000078
SEC EDGAR · accession 0000093410-25-000009
SEC EDGAR · accession 0000093410-26-000019
SEC EDGAR · accession 0000093410-25-000108
SEC EDGAR · accession 0000093410-24-000040
SEC EDGAR · accession 0000093410-25-000019
Federal Register & news corpus mentions
Caracas Research indexes US Federal Register notices, the
Asamblea Nacional record, and the analyzed news corpus we
republish daily. The following entries name
Chevron alongside Venezuelan context:
AssemblyNewsEntry · 2026-04-14
Caracas Research analyst note
Chevron is the most operationally Venezuela-exposed S&P 500 company. It operates four joint ventures with PdVSA (Petroboscan, Petroindependiente, Petroindependencia, Petropiar) under OFAC General License 41, which authorises lifting and importation of Venezuelan-origin crude into the United States.
Known Venezuela-related operating entities or counterparties:
Chevron Venezuela, Petroboscan, Petroindependiente, Petroindependencia, Petropiar.
Relevant OFAC general licenses:
GL 41 —
browse the full GL directory.
Methodology.
This page combines four signals: (1) a hand-curated map of S&P 500
Venezuela exposure maintained by Caracas Research analysts;
(2) fuzzy substring matching against every Venezuela-program OFAC SDN
designation (refreshed twice daily); (3) the SEC EDGAR full-text search
across the company's 10-K, 10-Q, 8-K, 20-F, and 6-K filings for the
past 24 months; (4) a scan of our own analyzed-news corpus and US
Federal Register notices. Last refreshed
2026-04-19. This is not legal or compliance advice;
always verify with primary sources and qualified sanctions counsel
before transacting.
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