CVX · News · 20261103N
Venezuela Investment
CHEVRON CORP · 2026-11-03 · Importance 71 · Surprise 82 · In source text
Chevron has pledged more than $7 billion of investment in Venezuela over the next five years. The company aims to more than double its Venezuelan production to about 600,000 barrels per day by 2031. The report identifies Venezuela as the investment geography but does not provide a project-by-project spending breakdown.
Key facts
- Chevron pledged more than $7 billion in investment over the next five years in Venezuela. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Chevron pledged more than $7 billion in investment over the next five years in Venezuela. |