The company lobbied hard for proximity to Venezuela’s oil wealth—but it has little appetite for making major investments there in the near term.

Recent headlines around Chevron (CVX) have centered on its Final Investment Decision to expand the Leviathan offshore gas field, a potential broader license in Venezuela, and fresh analyst attention after completing the Hess merger.

Chevron suffered its worst loss since April, a day after the only US oil company currently operating in Venezuela jumped 5% following the surprise capture of Venezuela's President Maduro.

Venezuela and Chevron have perhaps one of the strangest partnerships … ever? Chevron, one of the world’s most famous and profitable oil corporations, has for decades, been plugging away in Venezuela,

By Marianna Parraga and Jarrett Renshaw HOUSTON/WASHINGTON, Jan 14 (Reuters) - Chevron is expected to receive an expanded Venezuela license from the U.S. government this week that could allow for increased production and exports from the South American country,

The Houston-based company operates in Venezuela under a license granted by the US Treasury Department and it is the only Western firm allowed to produce and export crude oil amid American sanctions.

Chevron Corp., the sole Western supermajor permitted to pump Venezuelan oil, is loading tankers at the fastest pace in seven months as the US government moves to control the Latin American nation’s crude riches.

That's the barrels of Venezuelan oil ​​to which Chinese government-owned oil companies hold claims. That's nearly five times as much as Chevron, the only U.S. major that produces in the South American nation.

Venezuela's stock market is not very liquid, but there are indirect ways to gain exposure.

Disclosures show Sen. Markwayne Mullin purchased Chevron and Raytheon stock days before U.S. forces captured Venezuelan President Nicolás Maduro.