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Chevron Bets on Venezuela Oil to Unlock Up to $700M in Cash Flow
ZACKS· 2026-01-12 17:15
Key Takeaways Chevron is ramping up Venezuelan crude exports to unlock up to $700M in annual cash flow.Chevron's edge comes from PDVSA joint ventures, adding output without heavy new capital spending.Exports surged as storage nears capacity, turning Venezuela into a busy hub while sanctions risks remain.Per Reports Chevron Corporation (CVX) could unlock a significant cash flow boost from Venezuela as it ramps up crude exports amid easing logistical constraints and a cautiously permissive U.S. sanctions envi ...