Chevron Expands in Venezuela with Trump Backing | Philadelphia News

Chevron is poised to expand U.S. oil operations in Venezuela, joining a bold Trump administration push to tap into the country’s vast reserves — even involving the Pentagon in the deal. Energy Secretary Chris Wright will lead the effort alongside Chevron executives, aiming to boost American energy independence and stabilize Venezuela’s fragile democracy. While critics warn of legal hurdles and long timelines for production recovery, the move signals a strategic gamble to reinvigorate U.S. involvement in Venezuela’s oil sector — with ExxonMobil reportedly eyeing entry too. The Pentagon’s Office of Strategic Capital, which invests in national security tech, is footing part of the bill — framing it as a routine play in America’s broader energy playbook. 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/c98b9516d649997c