Chevron to double oil rigs in Venezuela as part of $7B five-year investment, CFO says

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Chevron to double oil rigs in Venezuela as part of $7B five-year investment, CFO says

Sep 08, 2026, 6:36 PM ETChevron Corporation (CVX) StockBy : Carl Surran, SA News Editor

Chevron (CVX) plans to more than double the number of oil rigs it ​operates in Venezuela as part of its $7B, five-year expansion ‌to boost production in the country to ~600K bbl/day, CFO Eimear Bonner said Tuesday at a Barclays conference.

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