Chevron expected to expand oil operations in Venezuela, U.S. official says

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Chevron is expected to expand its oil operations in Venezuela, according to a U.S. official. As the second-largest U.S. oil company, Chevron currently maintains a unique position as the only major American firm with a significant presence in the country. This strategic move aligns with the broader push for oil production in Venezuela under the Trump administration, as the company drills deeper into its operational capabilities to increase output within the region.
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