Energy: Venezuela
Key Facts
—Output. Chevron told investors its Venezuelan joint ventures reached about 280,000 barrels per day in the first half of 2026, roughly 15% higher than the prior six months.
—License. The production runs under US Treasury licenses; in February 2026 Washington also cleared BP, Eni, Repsol and Shell to re-engage with Venezuela’s oil sector.
—Politics. On 3 August 2026, US President Donald Trump publicly credited his administration for Chevron’s return, saying the company was “back, far bigger and stronger than ever before.”
