Chevron Expands in Venezuela Amid U.S. Push | Lubbock News

Chevron is doubling down in Venezuela, securing new land and pledging $7 billion over five years to boost output to 600,000 barrels a day — a move backed by Trump’s push to tap the country’s oil reserves and even involve the Pentagon. With a century-long presence, Chevron’s CEO says this signals confidence in Venezuela’s long-term potential, but critics warn the nation’s broken oil infrastructure and shaky legal framework could derail the deal — all while U.S. gas prices hit a record high. 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/6041a6b9e9fccda8