CVX · News · 20260909N
Venezuela Operations Expansion
CHEVRON CORP · 2026-09-09 · Importance 52 · Surprise 42 · In source text
Chevron is targeting Venezuelan production of 600,000 barrels per day by 2031. The proposed production level represents a significant upstream expansion, although the reported timeline is described as subject to execution risk. Investors should monitor regulatory approvals, operating conditions, and project investment required to reach the target.
Key facts
- Chevron wants 600,000 barrels a day from Venezuela by 2031. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | — | Chevron wants 600,000 barrels a day from Venezuela by 2031. |