Chevron Funds $7 Billion Venezuela Expansion With Oil Sales Profits
Macro·2 articles across 1 outlet
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Chevron Corp.’s $7 billion expansion in Venezuela will be funded with profits from crude produced and sold from the Latin American country rather than outside cash injections, according to the head of the oil giant.
This strategy highlights Chevron's reliance on local operations to finance its growth in the region amidst fluctuating global oil prices.
Chevron
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“Chevron Corp.’s $7 billion expansion in Venezuela will be funded with profits from crude produced and sold from the Latin American country rather than outside cash injections, according to the head of the oil giant.”
Bloomberg — Chevron’s Venezuela Oil Sales to Self-Fund Expansion, CEO Says