Chevron plans $7B+ investment, aims to double Venezuela output
Chevron plans to invest more than $7 billion over five years in Venezuela and aims to more than double production to roughly 600,000 barrels per day.
Chevron NYSE:CVX is turning more than two decades of persistence in Venezuela into one of the most potentially lucrative oil projects in its portfolio.
The energy giant plans to invest more than $7 billion over five years and more than double Venezuelan production to roughly 600,000 barrels per day…