Chevron expands Venezuela position, plans $7 billion investment

CVX•2026-09-02

Chevron agrees updated terms for Venezuela joint ventures

Sept. 2 (Reuters) - Chevron CVX.N said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.

Chevron expands Venezuela position, plans $7 billion investment

Chevron agrees updated terms for Venezuela joint ventures

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