Chevron to increase Venezuelan crude output by 50%; 2025 CAPEX focuses on oil — TradingView News

Chevron plans to boost Venezuelan crude production by 50%, adding 100,000 barrels per day at its U.S. refineries, currently processing 50,000 barrels daily, pending government approvals.12Chevron allocates 92.43% of its 2025 CAPEX to oil investments, focusing on upstream projects in Kazakhstan, the Gulf of Mexico, the Permian Basin, and Guyana.3