Stocks

Chevron Joins Forces with Trump Admin on Venezuela Oil Plans

Guavy AI Editorial Team Published September 3, 2026

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CVX

Chevron has moved forward on ambitious plans to develop Venezuelan oil resources in partnership with the Trump administration.

The plans, which have been in the works for some time, aim to tap into Venezuela's vast oil reserves and provide a boost to the country's economy.

A Chevron spokesperson confirmed that the company is working closely with the US government to explore opportunities in Venezuela's oil sector.

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