CVX · News · 20260911N
Venezuela Investment Conditions
CHEVRON CORP · 2026-09-11 · Importance 89 · Surprise 82 · No source text
Chevron discussed a $7 billion investment plan for its Venezuelan operations at the Barclays 40th Annual Energy-Power Conference. The plan uses existing infrastructure and aims to increase production to 600,000 barrels per day by 2031 from current levels. The reported expansion depends on continued operating and investment conditions in Venezuela and is expected to be funded through Chevron’s existing ventures in the country.
Key facts
- Chevron plans to invest $7 billion in its Venezuelan operations, aiming to more than double production by 2031, funded by existing ventures in the country. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +1.1% | Chevron plans to invest $7 billion in its Venezuelan operations, aiming to more than double production by 2031, funded by existing… |