By Mazin B. Qumsiyeh
(and why everyone should boycott Chevron) [footnotes below]
The U.S. and Israel have a special arrangement since 1979 under which the United States would supply oil to Israel if Israel could not secure enough oil on its own due to shortage or supply disruption [1]. This pact is unique: No other country receives a similar guaranteed emergency oil supply from the U.S. and the agreement has been extended routinely with the last a extension for ten years! [2]. The US sent refined fuel to Israel to bomb Gaza in 2008/2009 even when gas prices at the pump got higher for US citizens [3]. In 2023, 60% of the crude oil imported by Israel (totals imports $3.23 billion) came from Azerbaijan and Kazakhstan to Turkish ports through the Caspian Pipeline Consortium (in which Chevron has the largest stakeholder- Chevron is also to be the main beneficiary of the attack on Venezuela). The percentage rose to 70% of crude supply through that pipeline between late 2023 and late 2025 [4]. Refined imports of $1.35 billion worth came mostly from Russia, Egypt, Turkey, and Romania. The U.S. is the sole documented supplier of military-grade jet fuel (JP-8) under aid programs during the war [4] of course paid for by US taxpayers to decimate Gaza and dramatically increasing greenhouse gases.
In 2020 Chevron completed a major acquisition of U.S.–based Noble Energy, which had been the lead developer of Israel’s largest offshore natural gas fields. This deal brought Chevron’s operations directly into Israel’s energy sector [5]. Chevron integrated into its global portfolio the "Tamar and Leviathan" offshore gas fields (Most portions of these belong to Palestine based on UN partition lines) and at least part of the ownership of the current Gaza strip [6]. In 2025, Egypt signed a deal to import $35 billion in gas from the Chevron operated gas fields (and a new "Nitzana" pipeline) off the coast of Gaza benefitting the apartheid state and the rich Chevron. Hence the ethnic cleansing and genocide on Gaza continues to empty it and allow for money to continue flowing. Here are the biggest institutional shareholders of Chevron (and people should write to them to divest): The Vanguard Group, Inc.; State Street Corporation; Berkshire Hathaway, Inc.; BlackRock Inc. And ofcourse boycott Chevron stations [See 7].
Venezuelan people and most of the world are fully aware that 1) Trump consulted with his partners in crime (Chevron CEO and Netanyahu) but not Congress when he decided to bomb for oil (and rare minerals), 2) The market bumbed up Chevron stock price upon hearing the news [8], 3) They are merely a stepping stone for taking over other countries (Panama, Canada, Greenland, Cuba)... But the imperial power WILL fail. I leave that to another analysis. But in the meantime do continue to act and we all need to work harder to stop the lunatics pushing us to WWIII.
[1] https://www.energy.senate.gov/services/files/894BE546-C7E6-4BC4-A3F0-9E352549109B
[2] https://www.israelnationalnews.com/flashes/323545
[3] https://wespac.org/2009/01/16/us-taxpayers-spending-over-one-billion/
[4] https://oilchange.org/wp-content/uploads/2024/03/Israel-Gaza-Fuel-Data-v2.pdf?utm_source=chatgpt.com
[5] https://israel.chevron.com/en/about
[6] https://www.timesofisrael.com/chevron-seals-acquisition-of-noble-energy-which-operates-in-israel-gas-fields/
[7] https://bdsmovement.net/chevron https://afsc.org/BoycottChevron
[8] https://www.cnbc.com/2026/01/05/market-sees-chevron-the-big-venezuela-winner-but-oil-majors-face-a-long-road.html
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