{
  "id": 6347362,
  "title": "Chevron Is Expanding Operations in Venezuela. How to Play CVX Stock Now.",
  "url": "https://urgent.news/2026/09/07/chevron-is-expanding-operations-in-venezuela-how-to-play-cvx-stock-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T15:30:02.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/chevron-expanding-operations-venezuela-play-153002599.html"
  },
  "original_language": "en",
  "account": "Chevron Corporation (CVX) is expanding its operations in Venezuela, following a new agreement with the country's acting President Delcy Rodríguez. This deal grants the U.S. jurisdiction over vast untapped oil reserves in South America, involving the development of 17 fields with a potential of 65 billion barrels. In return, the U.S. will receive 55% of the new private company's effective output, along with an ownership stake and the right to purchase oil at cost. Chevron has a significant presence in Venezuela and plans to invest over $7 billion in joint ventures over the next five years, boosting production to approximately 600,000 barrels a day. Analysts believe CVX stock could be a promising play, with a consensus \"Moderate Buy\" rating and a price target of $220.22, representing a 6% upside from current levels.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}