Chevron is expanding in Venezuela as Trump pushes U.S. oil companies back into the country with 65 billion barrels up for grabs
Reported by Fortune · fortune.com · September 1, 2026
Chevron is the only major U.S. oil company still operating in Venezuela, nearly two decades after the country’s oil industry was nationalized.
What the tape says
What to watch: Rising prices support upstream producers; refiners with spot exposure benefit most.
Market reaction today: $CVX -1.29%
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