Chevron to Invest $7 Billion in Venezuela, Doubling Production

September 2, 2026

U.S. energy giant Chevron CVX 2.38%increase; up pointing triangle said it would invest more than $7 billion in Venezuela over the next five years, doubling its production in the country’s oil fields following a major push from the Trump administration.

Sign Up. Be Informed.

First Name*
Last Name*
Email Address*
Address*
ZIP Code
Phone Number
What tea publication would you like to subscribe to*
- Select All
- Afternoon TEA (blog sent every other Monday)
- TEA Takes (opinion column sent every Wednesday)
- Common Sense Energy (newsletter sent every Friday)
Subscribe
- Subscribe to our weekly energy newsletter
CAPTCHA

Paid for by The Empowerment Alliance