Oil giant Chevron announced on 2 September 2026 that it would expand operations in Venezuela with a $7 billion investment plan, doubling output and gaining additional acreage. The expansion follows President Donald Trump's announcement of an ambitious deal to develop Venezuela's oil reserves.
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Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says AP News
Oil giant Chevron is expected to soon announce it will expand operations in Venezuela, a U.S. official said.
Chevron is the second-largest U.S. oil company and the only one with a major presence in Venezuela.
Oil giant Chevron is confirming that it is expanding its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits.
US oil giant Chevron confirms it will expand operations in Venezuela AP News
Oil giant Chevron confirmed that it would expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only US oil company that has a major presence in the country, said on Wednesday that it had been assigned additional acreage in the Orinoco Belt, where the com
Chevron, the only US oil firm with major presence in Venezuela, said it has got extra acreage and will double output.