Petroleos de Venezuela (PdVSA) is Latin America's largest company which provides around 50% of Venezuela's tax revenues and 70% of the country's export revenues, predominantly from crude and oil products sales. However, recent political events in Venezuela is seen as a wake-up call for the government and state-owned oil company PdVSA to strike a balance between the needs of the country and the company. If there is no consensus achieved while the situation is not at a critical or desperate point, it could spiral the way.