CVX · 8-K · 20261030PR000196

Venezuela Investment Conditions

CHEVRON CORP · 2026-10-30 · Importance 77 · Surprise 82

Chevron’s Venezuela joint ventures plan to invest $7 billion over the next five years. The company says the investment is intended to unlock low-cost, high-return, long-duration production growth. Chevron also reported improved commercial terms and expanded acreage in Venezuela, supporting the investment plan and the potential to more than double production over the same five-year period.