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Chevron (CVX) reaches a deal for two oil fields in Venezuela’s Orinoco Belt; Co. expects total project costs in Venezuela to remain below USD 20/bbl and plans to invest USD 7bln in a joint venture targeting production of 600k BPD by 2026

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Chevron expanded its Orinoco Belt presence through Venezuelan agreements, swapping offshore gas stakes for onshore oil assets under relaxed sanctions and reformed petroleum frameworks.

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CVXChevron Corporation$211.22Current price

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