Chevron Doubles Down in Venezuela | Business and Finance News

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Recorded02 Sep 2026

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Chevron’s pouring $7 billion into Venezuela to more than double its oil output—ramping up from 280,000 to 600,000 barrels a day—thanks to new oilfields in the Orinoco Belt and expanded deals with PDVSA. With Mike Wirth calling it a path to low-cost, steady production and long-term value, this bold move signals Chevron’s deep commitment to reshaping its presence in the volatile South American market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9798f661dafc164b

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