Chevron in Venezuela and the Art of Strategic Positioning

What a limited license reveals about geopolitics risk management and corporate planning

The recent decision by the U.S. government to issue a narrowly scoped license to Chevron marks a subtle yet important shift in the long standing freeze on American oil operations in Venezuela. The license will allow Chevron to conduct limited maintenance on its assets inside the country. While this may seem like a small administrative update, the implic…