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Chevron Expands Venezuelan Operations Amid US Oil Deal

Guavy AI Editorial Team
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CVX
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Oil giant Chevron is set to expand its operations in Venezuela, according to a US official. This move comes just days after President Donald Trump announced a deal to develop the nation's oil reserves and give the Pentagon a stake in the profits.

The US official, who briefed reporters on condition of anonymity, said Chevron officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday to formally unveil the new investment.

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