Chevron's Position and Prospects in Venezuela
December 21, 2025
Chevron is facing both challenges and opportunities in Venezuela. The company has made significant progress and is the only oil company with access to the country's vast reserves. Despite rising tensions between Venezuela and the US, Chevron stands to benefit from potential agreements between the two governments. However, it risks being blocked from the country in case of hostilities or other political developments. Venezuela's oil remains crucial for economic needs, which could further bolster Chevron's position.