{
  "data": {
    "id": "stat_01M2KJ7XC1BW4YXSVZGRDT9T19",
    "url": "https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T19",
    "indicator": {
      "slug": "upstream-capital-expenditure",
      "name": "Upstream capital expenditure",
      "definition": "Capital expenditure invested in oil and gas exploration, development, and production activities."
    },
    "industry": [
      {
        "slug": "oil-and-gas",
        "name": "Extraction of crude petroleum and natural gas",
        "isic": "B06",
        "is_primary": true
      }
    ],
    "region": {
      "code": "VE",
      "name": "Venezuela",
      "type": "country"
    },
    "period": {
      "start": "2026-09-02",
      "end": "2031-09-02",
      "type": "year"
    },
    "value": 7,
    "value_text": "US$7 billion",
    "unit": "USD",
    "currency": "USD",
    "scale": "billion",
    "value_type": "forecast",
    "source": {
      "org": "Chevron",
      "org_short_name": "Chevron",
      "org_url": "https://www.chevron.com",
      "org_tier": 2,
      "document_title": "A turning point for energy in Venezuela",
      "document_url": "https://www.chevron.com/newsroom/2026/q3/a-turning-point-for-energy-in-venezuela",
      "document_type": "press_release",
      "locator": "Key facts",
      "quote": "The joint ventures plan to invest more than US$7 billion over the next five years, more than doubling production to approximately 600,000 barrels a day, compared to 2026.",
      "published_date": null,
      "accessed_at": "2026-09-15",
      "license": "see-source",
      "url_status": "ok"
    },
    "verification": "verified",
    "verified_by": "seed:auto-extract-v1",
    "verified_at": "2026-09-15T22:15:46.809Z",
    "confidence": 0.9,
    "is_secondhand": false,
    "supersedes": null,
    "superseded_by": null,
    "is_current": true,
    "citation": {
      "apa": "Chevron. (2031). A turning point for energy in Venezuela. Retrieved September 15, 2026, from https://www.chevron.com/newsroom/2026/q3/a-turning-point-for-energy-in-venezuela. Via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T19",
      "bibtex": "@misc{chevron2031upstreamdt9t19,\n  author       = {{Chevron}},\n  title        = {A turning point for energy in Venezuela},\n  year         = {2031},\n  howpublished = {StatOrigin, https://statorigin.org},\n  url          = {https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T19},\n  note         = {Original source: https://www.chevron.com/newsroom/2026/q3/a-turning-point-for-energy-in-venezuela. Accessed September 15, 2026.}\n}"
    },
    "updated_at": "2026-09-15T22:15:46.809Z",
    "contested_by": [],
    "related": []
  },
  "meta": {
    "attribution": "Data from StatOrigin (https://statorigin.org), CC BY 4.0. Attribution required.",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "docs": "https://statorigin.org/docs/api",
    "total": 1
  }
}