Chevron CEO Mike Wirth on Venezuela licenses: Output to reach roughly 600k barrels per day by 2031
9 Articles
9 Articles
Chevron seeks to raise its pumping from 300,000 to 600,000 barrels of oil per day by 2031.
Chevron plans to invest $7 billion to double its production in Venezuela, while ExxonMobil insists that it still needs reforms and guarantees before committing. The difference between the two companies reflects two strategies in front of a country with huge reserves, a deteriorated industry and political and legal risks that remain at the center of the discussion.
News of the Day and the Hour Latest News of today The financial director of energy Chevron, Eimear Bonner, said that the American company is on the way to producing 300,000 barrels of oil daily (bpd)... The news Chevron could close 2026 with a production of 300,000 bpd in Venezuela was first published in News of the Day and the Hour Latest News of today
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