EnergyReader · 2026-08-05 09:12

Chevron Plans Venezuelan Output Growth as Power Grid Failures Threaten Orinoco Expansion

By EnergyReader Newsroom · August 5, 2026

Chevron Corp. posted record second-quarter earnings in a statement on Friday (2026-07-31), reducing debt by a record $8.4 billion and lifting global production 20% to the equivalent of 4.07 million barrels a day — financial results that set the stage for the company's push to substantially expand Venezuelan output from its current 240,000-barrel-a-day position there.

This piece has moved into our archive. We keep the full historical record — pricing, storage, weather, positioning — for our own research, and license access to it separately. Contact us about archive access →

Connected coverage Stories linked to Chevron through the market graph: same hub, spread, route or driver.

ICE Brent Retreats to $103 After Hormuz Naval Confrontations Drive Four-Month High 30m ago · Brent same desk Uranium Miners Diverge From Fuel Prices as UEC Inventory Bet Meets 413% Run 6h ago · Uranium same desk U.S. SPR Falls to Lowest on EIA Records While Cushing Crude Stocks Test Operational Floor 6h ago · WTI same desk Woodside Q2 Revenue Climbs 28% as $85/boe Realized Price Drives Top-Line Gain 6h ago · Woodside same desk ExxonMobil's 2050 Emissions Forecast Puts Global Coal Trajectory Well Above 2C Target 7h ago · ExxonMobil same desk NYMEX WTI Crude Front-Month Settles at $100.30 as Three-Session Decline Erases Weekly Gain 8h ago · WTI same desk

Get this in your inbox

Daily briefings for commodity traders

Related Markets

Chevron