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Oil and Gas in Venezuela

7 verified figures for Venezuela, covering 4 indicators from 1 primary source. Every figure links to the report it came from.

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Verification 7 verified data points Updated 15 Sep 2026 Last verified 15 Sep 2026 Reviewed 15 Sep 2026 Next update Sources typically refresh annually

The short version

Key takeaways

  1. Crude oil production cost in Venezuela averaged 20 USD per barrel as of 2 September 2026 (Chevron). Chevron ↗ T2 National
  2. Chevron projects upstream capital expenditure in Venezuela at 7 billion USD in 2026–2031. Chevron ↗ T2 National
  3. Chevron projects upstream capital expenditure in Venezuela at 7 billion USD in 2026–2031. Chevron ↗ T2 National

The complete table

Oil and Gas data for Venezuela

Every row links to its own page with the full source, verbatim quote and citation.

7 data points across 4 indicators. Each line shows the latest value; open a line for earlier periods and forecasts.

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IndicatorPeriodValueSourceType
Crude oil production +1 more 2031600,000 barrels per dayChevronT22031forecast→
  • 2031600,000 barrels per dayChevronT22031forecast→
Crude oil production costas of 2 Sep 202620 USD per barrelChevronT22026estimate→
Oil production growth (year to date) +1 more as of 2 Sep 202615%ChevronT22026actual→
Upstream capital expenditure +1 more 2026–20317 billion USDChevronT22031forecast→

Primary documents

Sources

2 primary source documents. Every figure on this page traces to one of these.
Document Publisher Authority tier Published Accessed Locator Data points
Chevron expands position in Venezuela Press release Chevron T2 National — 15 Sep 2026 Chevron expands position in Venezuela 4
A turning point for energy in Venezuela Press release Chevron T2 National — 15 Sep 2026 Key facts; Building on experience 3

Report snapshots are retained internally for verification only and are never redistributed. Where a figure comes from a paywalled report, only the number published in its public summary is recorded.

All 7 collected records for Venezuela are published as verified.

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Data on this page is published under CC BY 4.0. You may reuse it, including commercially, provided you attribute it. Each figure's own page carries APA, MLA, Chicago and BibTeX citations naming its original publisher.

StatOrigin. (2026). Oil and Gas in Venezuela: statistics. Retrieved from https://statorigin.org/industries/oil-and-gas/venezuela

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