Chevron to Double Venezuela Rig Count in $7 Billion Oil Expansion
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Chevron plans to double the number of drilling rigs it operates in Venezuela under a five-year expansion that targets roughly 600,000 barrels per day of production. CFO Eimear Bonner said Tuesday that Chevron will add rigs under new contract terms signed with Venezuela last week.
This expansion is part of a $7 billion investment strategy aimed at significantly increasing oil output in the region, reflecting Chevron's commitment to enhancing its operations in Venezuela's oil sector.
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“Chevron Is Expanding Operations in Venezuela. How to Play CVX Stock Now.”
Yahoo Finance — Chevron Is Expanding Operations in Venezuela. How to Play CVX Stock Now.“CFO Eimear Bonner said Tuesday that Chevron will add rigs under new contract terms signed with Venezuela last week.”
oilprice — Chevron to Double Venezuela Rig Count in $7 Billion Oil Push