Chevron Eyes Billions-Scale Investment in Venezuela's Energy Sector

Chevron is nearing a deal to invest billions of dollars in Venezuela as it considers acquiring two undeveloped heavy oil fields, according to a report from the Wall Street Journal citing people familiar with the matter.

The potential investment marks a significant move for Chevron in the South American country. The exact figures and terms of the deal have not been disclosed, but the involvement is seen as a major development in Venezuela's energy sector.