YahooSeptember 2, 2026 at 10:47 AM NY2 days ago

Chevron's big bet: Why its $7B Venezuelan oil investment makes sense

Chevron (CVX) will invest $7 billion in Venezuela over the next five years to double its crude oil (CL=F, BZ=F) production there. This comes just days after the US entered a major oil deal with Venezuela, buying up a large portion of the country's oil production rights. Morning Brief host Julie Hyman discusses the details with Politico senior reporter Sam Sutton and Semafor business reporter Rohan Goswami.

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