Chevron Unveils Updated Venezuela Joint Venture Terms, Plans $7B Investment Over The Next Five Years To Double Oil Production To 600,000 Barrels Per Day
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Why It Matters
Chevron is putting $7 billion into Venezuela over five years to pump twice as much oil. When a big company invests huge money in a project, it shows they believe it will make them money—but watch for any news about whether that plan actually works out.
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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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