U.S. President Donald Trump's administration is considering a plan to extend Chevron's license to pump oil in Venezuela by at least 60 days, according to two people familiar with the matter.

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's (NYSE:CVX) deadline to halt its Venezuela operations for at least another 30 days, Bloomberg reported Thursday. CEO Mike Wirth asked for a possible extension during a meeting Wednesday with President Trump and other oil executives at the White House,