GoKawiilChevron to invest $7 billion in Venezuela's Orinoco oil belt
Chevron announced it will expand operations in Venezuela after receiving additional acreage in the Orinoco Belt, pledging over $7 billion in investment over five years to nearly double output to about 600,000 barrels daily. The move follows a recent Trump administration deal involving Venezuela's oil reserves and a Pentagon profit stake, with Chevron officials and Energy Secretary Chris Wright reportedly visiting the country to unveil the plan.