CVX · News · 20261103N

Venezuela Investment Conditions

CHEVRON CORP · 2026-11-03 · Importance null · Surprise null

Chevron has pledged more than $7 billion in 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 says changes to Venezuela’s legal, regulatory and commercial frameworks under the U.S.-backed interim government have attracted investors, while also describing challenges facing oil development in the country.