Chevron Expands in Venezuela Following Historic Oil Deal

Chevron has announced an expansion of its operations in Venezuela, following a recent agreement between the US and Venezuela that granted the US access to 65 billion barrels of oil.

The deal allows Chevron to increase production at existing facilities, but it's unclear what specific projects are involved or how much new investment will be made.

Chevron's move is seen as a significant development in the country's oil sector, which has been struggling due to years of underinvestment and sanctions.