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Chevron Prepares to Reenter Venezuela Amid Ongoing Oil Industry Revival

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Oil giant Chevron is planning to expand its operations in Venezuela, according to a U.S. official.

The announcement comes just days after President Donald Trump announced that the company would be allowed to return to the country.

A man rides past an operating oil pumpjack in Cabimas, Venezuela, on August 31, 2026, as seen in a photo by Ariana Cubillos for AP.

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