Chevron stock on track for record high as oil giant outlines $7 billion plan to expand in Venezuela

MarketWatch·September 2, 2026 at 3:16 PM+9

marketwatch.com

Chevron says it will expand its operations in Venezuela, following the Trump administration’s move for a Pentagon-backed plan to develop the country’s oil reserves.

Read source

Chat about this story

Quick actions

More coverage of this story

Quartz1 day ago

Chevron is committing $7 billion through joint ventures to more than double its Venezuela oil output

Financial Times45 days ago

Chevron to double Venezuela oil production with $7bn pledge

CNBC45 days ago

Chevron to expand in Venezuela operations, doubling production through $7 billion investment

CBS45 days ago

Chevron plans $7 billion Venezuela investment to double oil production

Washington Examiner45 days ago

Chevron stock on track for record high as oil giant outlines $7 billion plan to expand in Venezuela

Chat about this story

More coverage of this story

Chevron is committing $7 billion through joint ventures to more than double its Venezuela oil output

Chevron to double Venezuela oil production with $7bn pledge

Chevron to expand in Venezuela operations, doubling production through $7 billion investment

Chevron plans $7 billion Venezuela investment to double oil production

Chevron to expand oil footprint in Venezuela with $7 billion investment

Chevron announces deal to expand its oil production in Venezuela

Chevron to Invest $7 Billion to Boost Venezuelan Output

Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches

Chevron to Invest $7 Billion in Venezuela, Doubling Production