Chevron Runs Venezuela at 280,000 Barrels a Day Under Trump

Energy: Venezuela

Chevron’s Venezuela Comeback: 280,000 Barrels a Day and Trump’s Endorsement

Key Facts

—Production. Chevron’s three Venezuelan joint ventures — Petroboscán, Petropiar and Petroindependencia — are pumping about 280,000 barrels per day as of its Q2 2026 earnings report, making Chevron the largest private oil operator in the country.

—Growth. Output has climbed 15 percent in six months, and Chevron’s CFO says it could rise a further 50 percent by the end of 2028 without new capital spending.