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Chevron Set to Expand Venezuela Operations Amid Trump-Backed Oil Deal

Guavy AI Editorial Team
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CVX
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US Energy Secretary Chris Wright and Chevron officials are set to visit Venezuela on Wednesday to unveil a new investment in the country's oil reserves. This comes just days after President Donald Trump announced an ambitious deal to develop Venezuela's oil resources, which includes giving the Pentagon a stake in the profits.

The US official briefing reporters said that Chevron is expected to expand its operations in Venezuela as part of this deal. The details of the investment were not provided, but it is expected to be formally unveiled on Wednesday during the visit by Wright and Chevron officials.

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