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Chevron Expands Operations in Venezuela Amid Trump-Pentagon Oil Deal

Guavy AI Editorial Team
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CVX
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US oil giant Chevron has confirmed it will expand its operations in Venezuela, following an announcement by President Donald Trump about a deal to develop the nation's oil reserves.

The development comes just days after Trump announced his ambitious plan to tap into Venezuela's oil wealth and give the Pentagon a stake in the profits.

According to Chevron, it will be expanding its operations in Venezuela, but the company did not provide further details on what this entails.

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