CVX · News · 20261031N

Venezuela Investment Conditions

CHEVRON CORP · 2026-10-31 · Importance 75 · Surprise 82

The report says Chevron is investing $7 billion in Venezuela with the aim of doubling its oil output within five years. ExxonMobil CEO Darren Woods said reforms are still needed before Exxon decides on a major entry into the country. The article also describes U.S. political reaction to Exxon’s earlier characterization of Venezuela as “uninvestible.”