Stocks
Chevron Expands Drilling in Venezuela Amid Five-Year Production Plan
Chevron Corporation, traded on the NYSE as a leading integrated oil and gas company, has announced plans to increase drilling operations in Venezuela.
According to Reuters, Chevron Chief Financial Officer Eimear Bonner stated that the company would double its Venezuelan rig count as part of a five-year plan to grow production. This expansion is part of a new contract signed with the Venezuelan government.
The price of Chevron stock remained steady at EUR 183.82 in weekend trading on October 3, 2026, up 0.01 percent from the previous day's close at Lang & Schwarz.