Chevron Eyes Decade-Long Plateau in Venezuelan Oil Output

US major Chevron has revealed its long-term plans for Venezuela's oil production. According to CFO Eimear Bonner, Chevron can sustain gross crude oil production in Venezuela at a plateau level of more than 600,000 barrels per day for as long as 10 years.

This prediction was made during the Barclays Energy-Power Conference in New York on Tuesday, September 8, 2026. The statement provides insight into Chevron's commitment to the Venezuelan oil sector and its potential for sustained production levels.