The reform will undoubtedly be the signature policy of Delcy Rodríguez’s government as it positions the long-crippled oil sector to lure the foreign investment needed to revamp it.

Chevron is the only U.S. oil major operating in Venezuela through a special license issued by the Treasury Department.

Venezuela's acting president signs law ending state oil monopoly, reversing decades of socialist policy to allow private companies control of the industry.

Delcy Rodriguez is slow-walking human-rights and democratic reforms, aiming to outlast Washington’s focus on her country as U.S. midterms approach.

ExxonMobil CEO Darren Woods in a CNBC interview stood by comments on Venezuela's oil industry that angered President Donald Trump.

The fate of Venezuela’s political prisoners could reveal how much power the Trump administration really has.

Venezuelan lawmakers have approved a law change that will make it easier for foreign companies to take part in the country’s oil industry, in a move by Caracas to meet the demands of US President Donald Trump.

U.S. to very quickly reopen Venezuela embassy after diplomatic break since 2019, Secretary of State Marco Rubio announces to Senate Foreign Relations committee.