Chevron Expands in Venezuela Amid Gas Price Surge | Tulsa News

Chevron is aggressively expanding in Venezuela, pledging $7 billion over five years to boost production in the Orinoco Belt to 600,000 barrels daily by 2026—leveraging a century-old presence and improved terms. CEO Mike Wirth frames it as strategic low-cost growth, but skeptics question Venezuela’s broken infrastructure and the legal durability of its oil rights. Meanwhile, the White House partners with North American Blue Energy to reduce Middle East dependence, while gas prices hit $4.12—up 93 cents from last year—highlighting the stakes as global energy giants eye South America’s oil potential. 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/5fac79d73ebd9468