Commodities

Venezuealan Government and Chevron (CVX) confirm they have signed agreements for oil expansion projects

StockNow breaking-news AI analysis

Chevron signed agreements expanding joint venture acreage in Venezuela's Orinoco Belt, planning over $7 billion in investment to target roughly 600,000 barrels per day at sub-$20 per barrel costs.

News detail

It is a bonus venture deal in the Orinoco Belt

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