Chevron is expanding in Venezuela as Trump pushes U.S. oil companies back into the country with 65 billion barrels up for grabs

Chevron is the only major U.S. oil company still operating in Venezuela, nearly two decades after the country’s oil industry was nationalized.

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