Venezuela, 01 September 2026
Oil company Chevron is expected to announce expanded operations in Venezuela, following an agreement described by CEO Mike Wirth as an important milestone.
The planned announcement concerns Chevron’s operations in Venezuela and an agreement intended to support long-term investment. The available verified information does not specify the agreement’s full terms, the scale of the expansion, or the timing of individual projects.
Mike Wirth characterized the development as significant for Chevron, its partners, and the Venezuelan people. He said the agreement reflects progress toward a more competitive and durable framework for long-term investment.
Agreement and investment framework
Wirth also said the agreement creates an opportunity to unlock growth and development. His comments provide the clearest description of the expected benefits, but the verified facts do not provide additional details about production levels, investment amounts, or new facilities.
