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Source document· April 13, 2026

Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap

View original at finance.yahoo.com

Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap HOUSTON, April 13, 2026--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S…

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This asset swap marks another important step in Chevron's long history in Venezuela and reinforces role in supporting regional energy security
60% confidence
Ayacucho 8 is a producing asset in close proximity to Petropiar, which enhances development efficiencies
60% confidence
Chevron believes affordable, reliable and ever-cleaner energy is essential to enabling human progress
60% confidence
This agreement expands Chevron's heavy oil position in two key joint ventures in Venezuela and reflects disciplined development of the country's significant resources
60% confidence
Chevron aims to grow oil and gas business, lower carbon intensity of operations, and grow new energies businesses
60% confidence

Data points we hold from this source

Chevron Corporation · exploration blocks	35 blocks
Chevron Corporation · ownership stake	49 percent