On September 2, 2026, Chevron announced a $7 billion investment to double its oil production in Venezuela after receiving additional acreage in the Orinoco Belt region. Chevron is the only U.S. oil company currently operating in Venezuela.
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Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. Chevron said that it has been assigned additional acreage in the Orinoco Belt, where it has an established position. Joint venture plans include investing more than $7 billion over the next five years and increasing production to approximately...
CBS News -Chevron plans to double oil production in Venezuela with $7 billion investment. Me - how much Chevron stock did Trump buy before announcing THAT deal?
The major oil company has plans to invest $7 billion as Trump aligns with its largest competitor in Venezuela.
{beacon} Energy & Environment Energy & Environment The Big Story Chevron plans to double its Venezuela oil production Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. © AP Photo/Rogelio V. Solis, File The company said the deal would more than double its current oil production...
Oil giant Chevron has pledged to double its Venezuelan oil production with a $7 billion investment after the U.S. reached a deal with Caracas. CBS News' Lilia Luciano has more.