Episode
Chevron Doubles Down in Venezuela | Business and Finance News
- Published
- Sep 2, 2026
- Duration seconds
- 74
- Processing state
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- https://sources.thednn.ai/9798f661dafc164b
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Summary
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