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.
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Source:Jin10 Data
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