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Chevron agrees to asset swap in Venezuela to focus on oil projects [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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operations at Venezuela's vast ?Orinoco Belt, including an asset swap adding an extra heavy crude ?area to its main project while returning an offshore gas and a crude area, executives and ?officials said at an event. The agreements are among the first big expansion deals https://www.reuters.com/business/energy/chevron-shell-closing-first-big-oil-production-deals-venezuela-since-us-captured-2026-03-10/ since the U.S. launched a $100 billion reconstruction plan for Venezuela's energy sector after capturing President Nicolas Maduro nL1N3Y4092, and a sweeping reform of the country's main oil law ?was approved in January, ?encouraging foreign investment. The pacts, which would allow the U.S. major to boost crude output and participation at coveted regions in the ?OPEC country, were signed by company executives led by Javier La Rosa, head of Chevron's Base Assets and Emerging Countries, and officials from state-owned company PDVSA in the ?presence of ?acting President Delcy Rodriguez.
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- Chevron Deepens Venezuela Footprint With Strategic Asset Swap [Yahoo! Finance][Yahoo! Finance]
- Chevron Expects Higher Q1 Profits Amid the Middle East Conflict [Yahoo! Finance][Yahoo! Finance]
- Venezuela, Chevron strike deals to expand oil operations in key region [Yahoo! Finance][Yahoo! Finance]
- Chevron agrees to asset swap in Venezuela to focus on oil projects 1 / 3 [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap [Yahoo! Finance][Yahoo! Finance]
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