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Chevron to Fund $7 Billion Venezuela Investment with Existing Revenue

Guavy AI Editorial Team
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CVX
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Chevron is set to fund its $7 billion investment in Venezuela using cash generated from existing operations, not external capital.

The US oil major's CEO Mike Wirth made this announcement at a University of Texas at Austin energy conference on September 11, 2026.

Wirth stated that the company will 'live entirely within the means of those ventures' ability to generate cash,' relying on revenue from its three existing joint ventures in Venezuela.

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