Chevron agrees updated Venezuela joint-venture terms; plans $7B-plus investment
Chevron (CVX) said it agreed with Venezuela on updated terms for its joint ventures and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.
Chevron NYSE:CVX said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.