Tuesday, April 28, 2026
Business - LEVEL1

Biden’s Backdoor Deal: Chevron Pays Millions to Venezuela

By aimee yang
Biden’s Backdoor Deal: Chevron Pays Millions to Venezuela

The Biden administration allowed Chevron to pay money to the Venezuelan government. This was despite a rule that said Chevron could not make these payments. People who know about this situation spoke on the condition of anonymity.

The U.S. government gave Chevron a special waiver in November 2022. This waiver let Chevron keep working in Venezuela without breaking the law. Chevron was allowed to pay some taxes and fees to the government.

Previously, the Trump administration stopped this agreement and told Chevron to end its work in Venezuela.

Chevron said it follows all laws, including U.S. sanctions. The U.S. Treasury Department did not comment on this situation.

Chevron is the only major U.S. oil company still working in Venezuela, which has faced many issues under President Maduro.

The Biden administration made a deal in 2022 that allowed Chevron to return to work as long as Venezuela held democratic elections.

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Vocabulary List:
6 words · tap to reveal
ON

Accent

Administration/ədˌmɪn.ɪˈstreɪ.ʃən/noun
The act of managing or overseeing an organization often referring to a government or corporate body.

Waiver/ˈweɪ.vɚ/noun
A document that relinquishes or unconditionally surrenders a right or privilege.

Government/ˈɡʌv.ern.mənt/noun
The governing body of a nation state or community.

Sanctions/ˈsæŋkʃənz/noun
Measures taken by countries to restrict trade and official contact with a state that has violated international laws or norms.

Democratic/ˌdɛm.əˈkræt.ɪk/adjective
Relating to a system of government in which the citizens exercise power directly or elect representatives from among themselves.

Anonymity/ˌæn.əˈnɪm.ə.ti/noun
The condition of being anonymous; the state of being unknown or unacknowledged.
Vocabulary Learning

How much do you know?

What special waiver did the U.S. government give Chevron in November 2022?
Waiver to stop all operations in Venezuela
Waiver to avoid paying any taxes
Waiver to continue working in Venezuela and pay some taxes and fees
Waiver to increase operations in Venezuela
Who is the only major U.S. oil company still working in Venezuela?
ExxonMobil
Shell
Chevron
BP
What condition did the Biden administration set for Chevron to return to work in Venezuela?
Paying a large fee to the U.S. government
Meeting all U.S. sanctions requirements
Holding democratic elections in Venezuela
Expanding its operations in Venezuela
Who stopped the agreement for Chevron to work in Venezuela?
The Biden administration
The Trump administration
The Venezuelan government
The U.S. Treasury Department
What did Chevron say about following laws, including U.S. sanctions?
They were unaware of the laws
They do not follow laws
They follow all laws, including U.S. sanctions
Laws do not apply to them
What do people who know about the situation speak on?
National television
Social media platforms
The condition of anonymity
Public forums
Chevron was the only major U.S. oil company allowed to pay money to the Venezuelan government.
The U.S. Treasury Department provided a comment on Chevron's situation.
Chevron had to end its work in Venezuela during the Biden administration.
The Biden administration made a deal in 2022 that allowed Chevron to return to work without any conditions.
Chevron faced no issues under President Maduro while operating in Venezuela.
Chevron was granted a special waiver to break U.S. sanctions laws.
Chevron is the only major U.S. oil company still working in .
The U.S. government gave Chevron a special waiver in 2022.
The Biden administration allowed Chevron to pay money to the Venezuelan government despite a rule that said Chevron could not make these .
Previously, the administration told Chevron to end its work in Venezuela.
Chevron said it follows all laws, including U.S. .
The Biden administration made a deal in 2022 that allowed Chevron to return to work as long as Venezuela held democratic .
This question is required
aimee yang
aimee yanghttps://esl-news.com

Test Your Understanding

Start Quiz
Vocabulary List:
6 words · tap to reveal
ON
Accent
Administration/ədˌmɪn.ɪˈstreɪ.ʃən/noun
The act of managing or overseeing an organization often referring to a government or corporate body.
Waiver/ˈweɪ.vɚ/noun
A document that relinquishes or unconditionally surrenders a right or privilege.
Government/ˈɡʌv.ern.mənt/noun
The governing body of a nation state or community.
Sanctions/ˈsæŋkʃənz/noun
Measures taken by countries to restrict trade and official contact with a state that has violated international laws or norms.
Democratic/ˌdɛm.əˈkræt.ɪk/adjective
Relating to a system of government in which the citizens exercise power directly or elect representatives from among themselves.
Anonymity/ˌæn.əˈnɪm.ə.ti/noun
The condition of being anonymous; the state of being unknown or unacknowledged.
Vocabulary Learning

How much do you know?

What special waiver did the U.S. government give Chevron in November 2022?
Waiver to stop all operations in Venezuela
Waiver to avoid paying any taxes
Waiver to continue working in Venezuela and pay some taxes and fees
Waiver to increase operations in Venezuela
Who is the only major U.S. oil company still working in Venezuela?
ExxonMobil
Shell
Chevron
BP
What condition did the Biden administration set for Chevron to return to work in Venezuela?
Paying a large fee to the U.S. government
Meeting all U.S. sanctions requirements
Holding democratic elections in Venezuela
Expanding its operations in Venezuela
Who stopped the agreement for Chevron to work in Venezuela?
The Biden administration
The Trump administration
The Venezuelan government
The U.S. Treasury Department
What did Chevron say about following laws, including U.S. sanctions?
They were unaware of the laws
They do not follow laws
They follow all laws, including U.S. sanctions
Laws do not apply to them
What do people who know about the situation speak on?
National television
Social media platforms
The condition of anonymity
Public forums
Chevron was the only major U.S. oil company allowed to pay money to the Venezuelan government.
The U.S. Treasury Department provided a comment on Chevron's situation.
Chevron had to end its work in Venezuela during the Biden administration.
The Biden administration made a deal in 2022 that allowed Chevron to return to work without any conditions.
Chevron faced no issues under President Maduro while operating in Venezuela.
Chevron was granted a special waiver to break U.S. sanctions laws.
Chevron is the only major U.S. oil company still working in .
The U.S. government gave Chevron a special waiver in 2022.
The Biden administration allowed Chevron to pay money to the Venezuelan government despite a rule that said Chevron could not make these .
Previously, the administration told Chevron to end its work in Venezuela.
Chevron said it follows all laws, including U.S. .
The Biden administration made a deal in 2022 that allowed Chevron to return to work as long as Venezuela held democratic .
This question is required

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