Chevron shares rise after $7 billion Venezuela commitment targets 600,000 bpd
Chevron (CVX) jumped about 0.4% to $211.845 after committing more than $7 billion to Venezuela. It targets roughly 600,000 barrels per day within five years, double current output there.
Chevron NYSE:CVX, the integrated oil-and-gas heavyweight, jumped approximately 0.4% to $211.845 Wednesday after committing more than $7 billion to Venezuela.
The target is huge: roughly 600,000 barrels per day within five years, double the company's current production in the country.Chevron is addi…