Chevron Venezuela joint ventures plan more than US$7 billion investment over five years

Reuters2026/09/02 19:55

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Chevron signed agreements with Venezuela to update joint-venture terms, expand development rights in the Orinoco Belt.
Joint ventures target more than USD 7 billion of investment over five years.
Plan aims to more than double output to about 600,000 barrels a day versus 2026 levels.
Venezuelan joint-venture production is up 15% year-to-date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chevron Corporation published the original content used to generate this news brief on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Chevron Venezuela joint ventures plan more than US$7 billion investment over five years

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