Chevron has increased its output from three joint ventures in Venezuela by 15pc in the last six months to 280,000 b/d. "We're anticipating that we will be able to grow up to 50pc between now and the end of 2028," chief financial officer Eimear Bonner told analysts today after the company reported second quarter results. While the company is in active negotiations with the government in connection with further projects in Venezuela, the terms will have to be "competitive and they have to compete in our portfolio for capital," Bonner said. That said, Chevron is "very encouraged" with where it stands in relation to tapping additional opportunities in Venezuela, she added. #oott argusmedia.com/en/news-and-in…

Chevron has increased its output from three joint ventures in Venezuela by 15pc in the last six months to 280,000 b/d. "We're anticipating that we will be able to grow up to 50pc between now and the end of 2028," chief financial officer Eimear Bonner told analysts today after the company reported second quarter results. While the company is in active negotiations with the government in connection with further projects in Venezuela, the terms will have to be "competitive and they have to compete in our portfolio for capital," Bonner said. That said, Chevron is "very encouraged" with where it stands in relation to tapping additional opportunities in Venezuela, she added. #oott argusmedia.com/en/news-and-in…

Source:https://x.com/staunovo/status/2083281830526996870