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Chevron Expands in Venezuela Amid Trump's Ambitious Oil Deal

Guavy AI Editorial Team
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CVX
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Oil giant Chevron has confirmed it will expand its operations in Venezuela after US President Donald Trump announced an ambitious deal to develop the nation's oil reserves and give the Pentagon a stake in the profits.

The announcement comes just days after Trump unveiled his plan, which aims to tap into Venezuela's vast oil resources and increase energy production.

Chevron's decision to expand its operations in Venezuela is seen as a significant development in the country's struggling economy, which has been plagued by years of sanctions, corruption, and underinvestment.

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