CVX · News · 20261001N

Venezuela Operations Expansion

CHEVRON CORP · 2026-10-01 · Importance 34 · Surprise 42

Venezuela’s oil and gas sector is reportedly attracting renewed interest from international companies, including Chevron. The reported resurgence is linked to Venezuela’s large hydrocarbon resources and continuing global uncertainty over oil supply. The article says Chevron is positioning itself through new agreements and investments to participate in Venezuelan production growth and related oilfield-services demand, but provides no disclosed dollar amount or project timetable.

Key facts

• Chevron is named among international energy companies (Eni, TotalEnergies, Chevron, and Halliburton) that are strategically positioning themselves to capitalize on Venezuela's production growth and demand for oilfield services. source