EconomyChevron to complete deal in Venezuela to migrate, expand oil projects, sources say

Chevron is close to finalizing negotiations to move all of its oil joint ventures in Venezuela into the country’s new energy framework, two sources familiar with the talks said. The arrangement would give the U.S. oil major greater operational control and enable expansions of key oilfields.

ChevronVenezuelaoil projectsenergy framework

RReuters★★★★☆2026-08-29 00:50Original