How One Oil Company Got a Head Start in Venezuela (Video)

With Venezuela President Nicolás Maduro in a jail cell in New York, Donald Trump moved on to the next stage of his plan for the South American nation. The US president, having launched a surprise attack to capture Maduro, said he wants oil majors (and possibly US taxpayers) to invest billions of dollars in reviving Venezuela’s energy industry. Though it’s unclear what the companies will do, there’s one that’s already on the ground—and has been for a long time.

Houston-based Chevron has been operating in Venezuela in some form for almost a century. In recent decades it’s found itself caught in a tug-of-war ...