U.S. energy companies such as Chevron plan to invest billions of dollars in Venezuelan oil fields
2026-08-28 21:55:12
According to CoinMeta, Chevron ( CVX.N ) and other American energy companies are close to reaching an agreement to invest billions of dollars in Venezuelan oil fields. This could mark a success for President Trump after months of slow-moving negotiations. Sources familiar with the matter reveal that Chevron is close to concluding an agreement to expand its long-standing operations in this Latin American country and may also include two additional major Venezuelan oil fields in its portfolio. Currently, Chevron has three joint ventures with Venezuela's state-owned oil company ( PDVSA ) and is currently the only large American company operating in Venezuela. Sources also indicate that Halliburton ( HAL.N ), one of the largest oilfield services companies in the United States, is also in talks, planning to bring its full range of equipment to Venezuela to serve local oil producers.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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