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At close · Thu, Aug 27, 2026
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HomeGlobal MarketsTrade & TariffsChevron is in talks to expand operations in Venezuela

Chevron is in talks to expand operations in Venezuela

The talks come as the Trump administration encourages U.S. companies to invest more in Venezuela’s oil industry.

The New York Times reports that Chevron is in talks to expand its operations in Venezuela.

The discussions are unfolding amid a push from President Trump’s administration for U.S. companies to invest more in Venezuela’s oil sector.

The report frames the potential expansion as a possible political and business win tied to the administration’s outreach to firms like Chevron.

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