Oil giant Chevron is expected to announce it will expand operations in Venezuela, US official says
Summary
Chevron, a large U.S. oil company, will soon announce it is expanding its work in Venezuela. Chevron officials and U.S. Energy Secretary Chris Wright will visit Venezuela to reveal the new investment.Key Facts
- Chevron is the second-largest U.S. oil company.
- Chevron is the only major U.S. oil company currently operating significantly in Venezuela.
- The expansion announcement will happen shortly, according to a U.S. official.
- Energy Secretary Chris Wright and Chevron officials will travel to Venezuela for the announcement.
- The White House is working with North American Blue Energy Partners to increase U.S. involvement in Venezuela’s oil industry.
- This effort is part of President Donald Trump’s plan to boost U.S. access to Venezuelan oil.
- The U.S. official who shared this information spoke anonymously due to White House rules.
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