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Chevron consolidates its position as Venezuela’s largest private oil producer

14 April 2026 at 16:30

With its leadership still unrivaled, oil giant Chevron on Monday signed two key agreements with the Venezuelan government led by Delcy Rodríguez that will allow it to restructure its assets in Venezuela and focus on expanding its extra‑heavy crude operations in a strategic area of the Orinoco Oil Belt.

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© Jae C. Hong (AP)

Chevron gas station in Los Angeles.
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