The US restored Chevron Corp.’s ability to pump oil in Venezuela, reversing a decision made just two months earlier when the Trump administration was seeking to exert more pressure on the regime of President Nicolas Maduro.

The policy reversal is a big win for Chevron, which has lobbied hard to have its licence restored, arguing China and Russia would gain influence in the oil-producing nation — and the western hemisphe...

“As part of the integration, we will consolidate or eliminate some positions. As required by the WARN Act, Chevron has provided notice of a planned workforce reduction to appropriate state and local government representatives for Downtown Houston and North Dakota,” the spokesperson went on to state.