U.S. oil giant Chevron confirms it will expand operations in Venezuela

Chevron has confirmed the expansion of its operations in Venezuela following an ambitious deal announced by President Donald Trump. The U.S. oil giant pledged a $7 billion investment to double its Venezuelan oil production. This agreement aims to develop the nation's oil reserves and provides the Pentagon with a stake in the resulting profits. The move follows a strategic deal reached between the United States and Caracas to increase energy output and secure financial interests.