Chevron To Maintain Cap On Venezuela Spending Despite Trump's Investment Push: Report - Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM)

Chevron To Maintain Cap On Venezuela Spending Despite Trump's Investment Push: Report - Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM)

Despite President Donald Trump‘s call for increased investment in Venezuela, Chevron Corporation (NYSE:CVX) has decided to maintain its current level of capital spending in the country, the U.S. oil major’s finance chief told the Financial Times on Friday. Chevron Continues To Engage With The Administration Eimear Bonner said the company will not be increasing its capital spending in Venezuela this year. Bonner added that the company is currentl…

Chevron in Talks to Expand Venezuela Oil License as Trump Shifts Energy Policy

Quick Read Chevron (CVX) is negotiating to expand its Venezuela oil license to 300,000 barrels per day by March. Chevron surged 12.3% year-to-date through January 29 despite a 26.6% year-over-year earnings decline in Q3 2025. Chevron’s refining infrastructure is optimized for heavy crude processing, creating a margin advantage competitors cannot easily replicate. Are you ahead, or behind on retirement? SmartAsset's free tool can match you wi…