Chevron, Venezuela and Mike Wirth

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Chevron CEO Mike Wirth Highlights Two Factors Behind The $7B-Plus Venezuela Bet
Chevron (CVX) CEO Mike Wirth on Wednesday cited better economics and stronger legal protections as two key factors behind the decision to invest billions of dollars to expand its operations in Venezue...

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Chevron CEO Mike Wirth: Additional production in Venezuela will not compete with U.S. production
24/7 Wall St. · 1d
$7 Billion for Venezuelan Oil, and Chevron’s CEO Just Told Drivers When Gas Gets Cheaper
The Latest: Canadian Prime Minister Carney Tells Trump: ‘Stop Trying to Be Tough’
Canadian Prime Minister Mark Carney is pushing back against a fresh wave of hostility from Washington, telling the Trump administration Tuesday to “stop doing memes, stop throwing shade and stop tryin...

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Chevron to Invest $7 Billion in Venezuela, Doubling Production
Chevron expands Venezuela presence with $7 billion plan to double oil output in five years
Chevron expands Venezuela presence with $7B US plan
Venezuela has ​the world's largest oil reserves, but its current output is only about 1.25 million barrels per day (bpd), down from the more than three ⁠million bpd it achieved two decades ⁠ago, follo...

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KBOI · 1d
Chevron announces deal to increase oil production in Venezuela
WHDH · 2d
Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says

Chevron just made a high-stakes bet in Venezuela

Chevron locked in new terms in the Orinoco Belt, the world's largest oil reserve.

Chevron CEO Says Patience Paid Off in Venezuela

For investors, Venezuela offers potentially high-margin production growth without changing Chevron's broader capital discipline. The company generated $15.4 billion in adjusted free cash flow in Q2 and returned $6.5 billion to shareholders, giving it considerable financial capacity to fund the expansion.

Oil giant Chevron strikes agreement to expand Venezuela operations

Chevron is expanding its Venezuela oil operations with more than $7 billion in planned investment and new acreage as it targets sharply higher production.