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Chevron Nears Deal To Expand Venezuela Oil Operations

Chevron Nears Deal To Expand Venezuela Oil Operations Venezuela could soon become a much bigger part of Chevron’s global oil business, according to Bloomberg. The company is reportedly nearing an agreement to take control of operations at two large crude-producing areas in the country’s Carabobo region, adding access to substantial heavy-oil resources. The potential expansion comes as Washington seeks to attract more American capital to Venezuela’s energy sector and boost the country’s output. Chevron already has an established presence there through a partnership with state oil company PDVSA, making it the only...
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Mar 27, 2026 / Tyler Durden
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Aug 24, 2026 / Tyler Durden
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Oct 4, 2026 / Dave DeCamp
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