Chevron Expands Venezuelan Operations Amid Rising Oil Reserve Tensions

Chevron is expanding its operations in Venezuela despite rising tensions between the US and Russia over oil reserves.

The news comes as President Trump's administration claims that it has discovered more oil reserves in the country, which could further complicate Chevron's efforts to increase production.

Chevron has been investing heavily in Venezuela's oil industry, with plans to boost its output by 50% over the next two years. The company has already invested $1 billion in the country and is reportedly looking to increase its stake in state-owned PDVSA.