The Trump administration revoked Chevron’s Biden-era license to pump oil in Venezuela earlier this year. The move was championed by hard-line critics of President Nicolás Maduro’s government, including Rubio and key Florida Republicans in Congress, whose support Trump needed for his sweeping domestic policy package.

The U.S. might now allow the energy companies to pay oilfield contractors and make necessary imports to secure operational continuity.

Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, the company confirmed Thursday.