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Yeshiva World News · Aug 28, 2026

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Chevron and other major U.S. energy companies are nearing deals to invest billions of dollars in Venezuela’s oil fields, The Wall Street Journal reports. Chevron could add two new heavy-oil fields to its operations in the country, while Halliburton is also in talks to return with equipment and oil-field services. Chevron currently operates three joint ventures with Venezuela’s state oil company and is the only major U.S. oil company operating in the country.

Chevron and other major U.S. energy companies are nearing deals to invest billions of dollars in Venezuela’s oil fields, The Wall Street Journal reports. Chevron could add two new heavy-oil fields to its operations in the country, while Halliburton is also in talks to return with equipment and oil-field services. Chevron currently operates three joint ventures with Venezuela’s state oil company and is the only major U.S. oil company operating in the country.

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