
Chevron Q4 Tops Estimates as Output Hits Record; Venezuela Opportunity Could Boost Production 50%
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Chevron Adopts Local Reinvestment Strategy in Venezuela to Shield Cash
Chevron is shifting to a self-funding approach in its Venezuelan operations, keeping earnings in-country and using them to sustain activity rather than repatriating cash. That tactic dovetails with draft Venezuelan hydrocarbons reforms that could ease banking and contractual frictions, but it still depends on sanctions dynamics and enforceable guarantees to be durable.
Survey shows OPEC production slipped amid Venezuela unrest
A market survey indicates OPEC crude output declined last month, largely tied to operational disruptions in Venezuela. The drop tightens global supply and raises near-term upside risk for oil prices while complicating OPEC policy choices.





