Chevron commits over $7B to expand Venezuela operations after Trump deal opens access to massive oil reserves

Chevron is set to invest over $7B to expand its operations in Venezuela following a deal brokered by President Donald Trump. This strategic move grants the oil giant access to massive oil reserves, potentially altering global oil dynamics. US officials indicate that this expansion aims to enhance US energy security and diversify supply chains to mitigate geopolitical risks. The investment marks a significant shift in the energy landscape as Chevron increases its presence in the region.