Chevron Drills Deeper Into Trump’s Venezuela Oil Push

September 01, 2026 2:50 PM ET Oil giant Chevron is expected to expand its operations in Venezuela as the Trump administration deepens its push into the country’s vast oil sector, a U.S. official told the Associated Press on Tuesday.Chevron officials and Energy Secretary Chris Wright are expected to travel to Venezuela on Wednesday, where the company’s new investment is expected to be formally announced, according to the AP. Chevron is currently the only major U.S. oil company with a significant presence in Venezuela.Over the weekend, President Donald Trump moved to increase American involvement in Venezuela’s oil industry, including through a broader oil agreement with interim Venezuelan President Delcy Rodriguez. The agreement was “reached in secrecy, with no public debate, and signed und