Chevron Expects Venezuela Oil Output Plateau to Last Up to a Decade
US major Chevron has been sustaining its gross crude oil production in Venezuela at over 600,000 barrels per day for years. According to CFO Eimear Bonner, this level could be maintained for as long as 10 years.
Bonner made the statement at the Barclays Energy-Power Conference in New York on Tuesday, September 8, 2026.