Venezuela will reinvest the debt it owes to Chevron Corp. after US President Donald Trump gave the oil giant one month to stop producing oil in the South American nation.

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.

CVX gets a 30-day deadline to wrap up its operations in Venezuela, giving a major blow to U.S. refiners and Venezuela's economy.

Venezuela's exports of crude and fuel rose in February to their highest since November, vessel monitoring data showed, as the U.S. prepared to terminate a key license that allows oil major Chevron to operate and ship crude from the country.

U.S. oil company Chevron will have until April 3 to cease operations in Venezuela, according to the most recent license published by the U.S. Treasury Department, days after President Donald Trump announced his decision to reverse concessions to Venezuelan oil.

In a press conference today, Williams said they have a mission and every day is interesting because they're up in space but that it's hard having family on the ground not knowing exactly when they're coming back.

The United States on Tuesday gave energy giant Chevron just one month to stop its operations in Venezuela, delivering a heavy blow to cash-strapped authorities in Caracas.

Chevron Corporation CVX is facing a significant setback with the U.S. government revoking its conditional license to operate in Venezuela. The company has been given just 30 days to wind down operations,

The Trump administration made a dramatic move Tuesday, ceasing an important operating license the American oil giant Chevron needed to operate in Venezuela. The decision follows Washington’s condemnation of President Nicolás Maduro’s government for not making concrete advances on key electoral reforms.