CVX · News · 20260911N
Venezuela Upstream Expansion
CHEVRON CORP · 2026-09-11 · Importance 89 · Surprise 82 · In source text
Chevron discussed a $7 billion investment plan for its Venezuelan operations. The company aims to develop existing infrastructure in a “factory-type” model and increase production to 600,000 barrels per day by 2031. The expansion is expected to more than double Venezuelan production and be funded through existing ventures in the country.
Key facts
- Chevron discussed its $7-billion investment plan in Venezuela. source
- Chevron's Venezuela plan aims for a "factory-type" development to reach 600,000 b/d by 2031 from existing infrastructure. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Chevron's Venezuela plan aims for a "factory-type" development to reach 600,000 b/d by 2031 from existing infrastructure. |