Chevron Announces $7 Billion Plan to Double Oil Production in Venezuela

Chevron expands Venezuela bet with $7 billion plan to double output in five years - Reuters

Chevron expands Venezuela bet with $7 billion plan to double output in five years  Reuters

Chevron CEO Wirth on Investing $7 Billion in Venezuela

Chevron Corp. Chief Executive Officer Mike Wirth talks about the deal to invest $7 billion in Venezuela through a series of joint venture partnerships. It's part of the Trump administration's push to revive the country's oil industry. He speaks to Bloomberg's Tyler Kendall in Caracas. (Source: Bloomberg)

Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches

The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion in the country to more than double its production there.

By Rebecca F. Elliott

Chevron to double Venezuela output in $7bn investment pledge

US major commits to expand its joint ventures as White House pushes for huge increase in production in the country

Chevron makes its own deal to double Venezuelan production

The major oil company has plans to invest $7 billion as Trump aligns with its largest competitor in Venezuela.

By Evan Halper

US oil giant Chevron to expand Venezuela operations

Chevron, the only US oil firm with major presence in Venezuela, said it has got extra acreage and will double output.

Chevron pledges to double its Venezuelan oil production - CNN

Chevron pledges to double its Venezuelan oil production  CNN

Chevron expands Venezuela presence with $7B US plan

Chevron will invest more than $7 billion US through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the ‌South American country, the U.S. oil major said on Wednesday.

Chevron will expand Venezuela operations, more than doubling production through $7 billion investment

US Chevron to expand Venezuela oil operations with US$7 billion plan

Oil giant Chevron confirmed that it would expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only US oil company that has a major presence in the country, said on Wednesday that it had been assigned additional acreage in the Orinoco Belt, where the company had an established position. Joint venture plans include investing more than US$7 billion ov...

By Associated Press

Chevron says it will expand operations in Venezuela, doubling its oil production over five years

U.S. oil giant will invest $7-billion after Trump announced an ambitious deal to develop the country’s oil reserves

By Michelle Chapman

US energy secretary vows oil output will double on visit to Venezuela

US Energy Secretary Chris Wright landed in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil deal between the US government and Venezuela. The deal would see the US create and control a private company that will hold 65 billion barrels in proven oil reserves. This agreement is also meant to encourage other US energy firms to invest in the country, in spite of serious challenges. In this edition, we see what other deals could be announced and what those challenges are.

By Charles PELLEGRIN

Chevron outlines $7 billion plan to expand in Venezuela

Chevron says it will expand its operations in Venezuela, following the Trump administration’s move for a Pentagon-backed plan to develop the country’s oil reserves.

By Steve Goldstein

Chevron outlines $7 billion plan to expand in Venezuela - Morningstar

Chevron outlines $7 billion plan to expand in Venezuela  Morningstar

Chevron to spend $7B-plus over five years to double Venezuelan production

US oil giant Chevron confirms it will expand operations in Venezuela - Energy - Business - Ahram Online

US oil giant Chevron confirms it will expand operations in Venezuela - Energy - Business  Ahram Online

Chevron to invest over $7bn in Venezuela, targets twofold rise in oil output

Houston: Chevron Corporation will invest more than $7 billion in its Venezuelan joint ventures over the next five years and more than double production to...

By Times of Oman