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Chevron (CVX) CEO says CPC pipeline is currently flowing and ships are loading this week

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Chevron's CEO confirmed CPC pipeline operations are active, dismissed structural oil demand decline concerns, and projected Venezuela debt recovery by 2027 during the July 2026 earnings call.

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Says it is currently difficult to find evidence of a long-term structural decline in oil demand. Expects to recover its Venezuela debt by 2027.

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