Chevron (CVX.N) is finalizing an agreement to operate two giant heavy‑oil fields
in Venezuela’s Orinoco Belt Carabobo region, adding assets with billions of
barrels of heavy oil that adjoin a large field it already runs through the
PetroIndependencia JV with PDVSA. The deal, said to be the largest of several
expected in the coming days, comes as U.S. President Trump presses for increased
U.S. capital investment to boost Venezuelan oil output.
