Jim Cramer Explains the Risks and Reality of Chevron’s Venezuela Exposure

Group 1 - Chevron Corporation (NYSE:CVX) has significant interests in Venezuela, currently pumping 100,000 barrels per day from its reserves [1] - Venezuela's total oil production is approximately 900,000 barrels per day, with a majority of exports directed to China [1] - The potential for Chevron to increase its production from Venezuela exists, especially if existing contracts can be renegotiated [1] Group 2 - Chevron is an integrated energy company involved in the exploration, production, refining, and marketing of oil, natural gas, and petrochemical products [2]