🚨 LATEST UPDATE : $CVX $AXS
Chevron, $CVX .US , is finalizing a deal that will "significantly expand" its operations in Venezuela as part of a push by President Trump to begin pumping Venezuelan oil, per Bloomberg.
Details include:
1. Chevron is adding 2 giant oil fields in the Orinoco Belt to its operations
2. The company has negotiated operating rights to fields that hold "billions of barrels" of oil in Venezuela
3. The deal is expected to be the largest of several agreements announced in the coming days as Trump encourages more US investment in Venezuela’s oil industry
4. The deal is separate from negotiations for the US government to take a direct stake in oil fields
The US is set for a major push into Venezuelan oil.
Chevron, $CVX .US , is finalizing a deal that will "significantly expand" its operations in Venezuela as part of a push by President Trump to begin pumping Venezuelan oil, per Bloomberg.
Details include:
1. Chevron is adding 2 giant oil fields in the Orinoco Belt to its operations
2. The company has negotiated operating rights to fields that hold "billions of barrels" of oil in Venezuela
3. The deal is expected to be the largest of several agreements announced in the coming days as Trump encourages more US investment in Venezuela’s oil industry
4. The deal is separate from negotiations for the US government to take a direct stake in oil fields
The US is set for a major push into Venezuelan oil.
