Chevron Outlines Plan to Increase Venezuela Joint Venture Output to 600,000 bpd by 2031
Chevron (CVX) has announced a strategic plan to significantly scale up production within its Venezuelan joint ventures. The company aims to reach an output level of approximately 600,000 barrels of oil per day (bpd) by the year 2031. In addition to international expansion, Chevron reported strong domestic performance in the United States. The company's U.S. upstream production has maintained a high volume, exceeding 2 million barrels of oil equivalent per day for five consecutive periods, reflecting disciplined operational execution.
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