US Giant Chevron Eyes Major Expansion in Venezuela Oil Sector

Chevron Corp., the Houston-based oil giant, is in talks to expand its operations in Venezuela as part of a broader US push into the country's oil industry.

The company is negotiating with Venezuelan leaders to add two new oil fields to its existing operations, according to people familiar with the matter who asked not to be identified due to the sensitive nature of the talks.

This development comes as the Trump administration negotiates with Venezuelan leaders about taking a significant stake in the country's oil sector. Chevron has declined to comment on the matter.