US Chevron to Expand Venezuela Oil Operations with $7 Billion Plan The US energy giant Chevron has announced a $7 billion plan to expand its operations in Venezuela, leaving many analysts perplexed by the move.
Given the country's infrastructure woes and struggling economy, some might view it as a bold gamble – or even a foolhardy one. But is it really?
Chevron CEO Mike Wirth claims the investment reflects "our confidence in the country's deep resource potential" and its ability to attract long term value.