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Chevron to Invest $7 Billion into Venezuelan Output
Posted
September 2, 2026
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10:52Now PlayingChevron Corp. plans to invest $7 billion over the next five years through its joint venture partnerships to more than double crude production in Venezuela, the largest financial commitment so far in a US government-led push to revive the Latin American country’s oil industry.
Chevron CEO Mike Wirth discussed the move with Bloomberg's Tyler Kendall in Venezuela.
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