Chevron (CVX) news

Venezuela’s Rodriguez says oil deal with the U.S. will generate $209 bln for the national treasury

Venezuelan interim President Delcy Rodríguez has stated that the ongoing oil agreement with the United States is expected to generate $209 billion in revenue for the national treasury, according to recent reports. This projection highlights the scale of the U.S.-managed oil export initiative, which…

Chevron is close to completing negotiations to migrate Venezuela joint ventures into country’s new oil framework, sources say

Chevron Corp. is nearing finalization of agreements to integrate its existing joint ventures in Venezuela into the country’s newly established oil framework, according to people familiar with the matter . The Houston-based company is in advanced talks to expand its operations by adding two new…

ImportantChevron is also in negotiations in Venezuela for areas to expand current projects, sources say

Etu Energias: Signed sale & purchase agreement with Chevron for acquisition of Chevron’s participating interest in blocks 14 &14K, in Angola

Etu Energias has notified Chevron Corp that it is exercising its pre-emption right in an agreement under which Chevron is selling its interests in two producing oil and gas licenses offshore Angola to Energean PLC. The move comes as Etu Energias seeks to acquire Chevron’s 31 percent operating stake…

US to have access to about 90B bbls of crude in Venezuela: WAPO

The U.S. government has announced that Venezuela will be transferring up to 50 million barrels of oil to the United States, with the potential for additional crude access in the coming years. President Donald Trump stated that the oil—valued at approximately $2.8 billion—will be sold at market…