International Companies

Chevron plans $7bn Venezuela investment as it expands Orinoco position

By Benjamin Chiou

Date: Wednesday 02 Sep 2026

(Sharecast News) - Chevron said on Wednesday that it plans to invest more than $7bn in Venezuela over the next five years as the US oil major looks to more than double output in the country.
Expanding its position in Venezuela's Orinoco Belt, the company said new agreements included enhanced fiscal,...

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