Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a US government deadline to stop producing oil there by early April.

Chevron contractors are still working in Venezuela despite the Trump administration telling the company to cease all operations by early April

The Trump administration formally revoked on Tuesday the license that allows oil giant Chevron Corp. to sell Venezuelan oil in the United States, giving the U.S. company only 30 days to wind down its operations in the South American country.

The US administration of Donald Trump is giving Chevron Corp. one month to stop producing oil in Venezuela, delivering a heavy blow to President Nicolas Maduro’s autocratic regime.

The Trump administration confirmed Tuesday that it will end a license the U.S. had granted to Chevron (NYSE:CVX) since 2022 to operate in Venezuela and export its oil, following through on Trump's recent pledge to stop the company from pumping and selling Venezuelan crude.

The move — announced by Trump in a Truth Social post last week — will be a major blow to Venezuela. Chevron produces about a fifth of Venezuela’s crude annually, according to analysts at the Rystad Energy research firm, and losing the ability to export to the U.S. will be a blow to the country’s already floundering economy.

Trump’s slashed Chevron’s license to drill and export oil in Venezuela. Now, Chevron is calling for long-lasting legislation.

Facing the imminent withdrawal from Venezuela of U.S. oil giant Chevron Corp. , strongman Nicolás Maduro is rolling out the red carpet to other foreign oil companies, saying that all of them would be welcome to set up shop in the South American country.