Suelopetrol Claims Unawareness of Chevron's Expansion in Venezuelan Joint Venture
Suelopetrol, a Venezuelan oil company, claims it was not informed of Chevron's (CVX) decision to increase its stake in a Venezuelan project to 49%. The situation has raised concerns about corporate governance and transparency. Chevron stated it complies with all applicable laws and referred inquiries to PDVSA and Venezuelan authorities.
Tickers: $CVX
Topics: Chevron Corporate Governance Ownership Disputes Suelopetrol Venezuela