Chevron Expands Venezuelan Operations Amid Five-Year Production Plan

Chevron Corporation has announced its expansion plans in Venezuela, according to Reuters. The company's stock price was reported at EUR 183.82 on October 4, 2026, unchanged from the previous day's close.

The expansion includes a plan to more than double the number of oil rigs Chevron operates in Venezuela as part of a five-year production plan. Joint venture partnerships in the country also aim to increase output under newly signed contract terms.