Chevron CEO: Venezuela's Oil Policy Shifts, Not Enough

Chevrons CEO, Mike Wirth, praises Venezuelas recent oil policy shifts as a positive step towards attracting foreign investors, but warns that more is needed to spark significant production increases. Following the US-backed change in leadership, Venezuela has relaxed some nationalist rules, and US oil executives, including Chevron, have met with the new acting president to discuss investment opportunities. Wirth emphasizes the importance of boosting Venezuelan oil production to stabilize US energy supplies, but acknowledges the challenges, such as the brain drain and the need for significant engineering and time to revive the industry. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5c83290f1ce859e7