President Donald Trump indicated he is open to extending Chevron's license to produce oil in Venezuela during a meeting with oil executives Wednesday, according to The Wall Street Journal. The Trump administration had given Chevron until April 3 to wind down its operations.

The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said.

(Reuters) - The Trump administration is considering a plan to extend Chevron's license to pump oil in Venezuela and impose financial penalties on other countries that do business with the South American nation, the Wall Street Journal reported on Thursday, citing people familiar with the discussions.