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Chevron (CVX) Stock: Company Commits $7 Billion to Double Venezuela Oil Output
CoinCentral·September 2, 2026·1 min read
Chevron plans to invest over $7 billion in Venezuela to double oil output to 600,000 barrels per day. The company will expand its Petroindependencia joint venture into two new areas. Production costs are expected to stay below $20 per barrel.
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