Chevron Doubles Down in Venezuela | US News

Chevron is pouring billions into Venezuela’s oil sector, aiming to crank up production to 600,000 barrels a day by 2026 — a bold move backed by the Trump administration’s push to tap Venezuela’s vast reserves and reduce U.S. dependence on Middle Eastern oil. Despite skepticism over Venezuela’s crumbling infrastructure, Chevron, the only major U.S. oil player there since 1923, is stepping in big time — with the Pentagon even getting a slice of the profits. It’s a high-stakes gamble with huge potential rewards — and massive hurdles ahead. Listen in comfort:Get a discount on a Soli Pillow: http://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/eac0f55c1fdfe56e