Chevron Plans $7 Billion Venezuela Investment To Double Oil Production Growth
Chevron plans to invest over $7 billion in Venezuela over five years, targeting approximately 600,000 barrels per day from 2026 production levels.
Chevron is spending a huge amount of money to pump more oil from Venezuela, betting it can double how much it gets out of the ground. This shows the company thinks it can make good money there, but big bets like this come with big risks that investors watch closely.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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