Chevron Chief Executive Officer Mike Wirth has outlined the energy company’s approach to operations and potential capital deployment in Venezuela. Addressing reports regarding a possible $7 billion investment to revitalize oil production, Wirth emphasized that any major spending remains contingent on legal certainty, operational stability, and clear regulatory guidelines. The company continues to focus on measured production recovery, debt collection, and asset maintenance under current U.S. sanctions frameworks while maintaining compliance with international standards.
- Chevron CEO Mike Wirth addressed the prospects of large-scale capital investment in Venezuela’s oil sector.
- Operations remain strictly governed by licenses and regulatory approvals issued by the U.S. Department of the Treasury.
- The company’s immediate strategy focuses on maintaining asset integrity, operational safety, and managing cash flow.
- Substantial long-term infrastructure expansion remains dependent on sustained political stability and durable legal protections for foreign assets.
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She's is adorable
Thievery
Nasty thiefs
Bent the knee.
What fools…TRUMP WILL LOSE MIDTERMS…..VENEZUELAN LEADER WI BE DECAPITATED…BYE BYE AMERICA
Lol. Legal protections ..enforcement? With what😂
Lol, now their sticky oil, always looked down upon, is what refiners want.
What a art of a DEAL 🤣
preffered sour crude ok right
I don’t think 7 billion will be enough to triple production
whois the 3rd partner?
Keep raising those gas prices so they can spend even more billions and pocketing your money. Thieves, all of them.
Thank you
This is baffling. First they use the Americans military as their own security force, hijacking a country, using Americans tankers, etc billions deposited in Qatar, billions missing. They are litterally robbing not only the Venezuelan people, but Americans. These people need to imprisoned