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Chevron (CVX) Stock: Company Commits $7 Billion to Double Venezuela Oil Output

By Trader Edge at 2026-09-09 14:19

Sentiment: Positive

TLDR Chevron plans to invest more than $7 billion in Venezuela over the next five years The goal is to double Venezuelan oil output to around 600,000 barrels per day New agreements expand Chevron’s Petroindependencia joint venture into two new areas in the Orinoco Belt Production costs are expected to stay below $20 per barrel [...] The post Chevron (CVX) Stock: Company Commits $7 Billion to Double Venezuela Oil Output appeared first on CoinCentral. Continue reading...

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