Chevron Shares Rise as Company Expands Position in Venezuela

Chevron's shares last traded at $206.23 on September 28, 2026, marking a 0.87 percent increase from the previous close.

This comes as the company expands its position in Venezuela, with agreements announced on September 2, 2026, that establish updated terms for joint ventures, including enhanced fiscal and commercial provisions.

The agreements also assign additional acreage in the Orinoco Belt, allowing Chevron to invest more than $7 billion over the next five years and nearly double production to approximately 600,000 barrels per day compared to 2026 levels.