CVX · News · 20260912N
Venezuela Investment Conditions
CHEVRON CORP · 2026-09-12 · Importance 64 · Surprise 42 · In source text
Third-party reporting states that Chevron has already committed $7 billion to Venezuela. The report contrasts Chevron’s continued Venezuelan operations with ExxonMobil’s withdrawal because of political uncertainty. President Trump reportedly said ExxonMobil is next, indicating potential renewed U.S. energy-company involvement in Venezuela, although no specific policy, authorization, or timeframe was provided.
Key facts
- Chevron has already committed $7 billion to Venezuela. source
- Chevron stayed in Venezuela while Exxon pulled out of the country because of political uncertainty. source
- Chevron had operations in Venezuela at one point. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -1.8% | Chevron has already committed $7 billion to Venezuela. |