Upstream capital expenditure

The enhancements underpin joint venture plans to invest over $7 billion over the next five years, more than doubling production to approximately 600,000 barrels a day compared to 2026.

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APA

Chevron. (2031). Chevron expands position in Venezuela. Retrieved September 15, 2026, from https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0P

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MLA

Chevron. "Chevron expands position in Venezuela." 2031, https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Accessed 15 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0P.

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Chicago

Chevron. "Chevron expands position in Venezuela." 2031. https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Accessed September 15, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0P.

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BibTeX

@misc{chevron2031upstreamdt9t0p, author = {{Chevron}}, title = {Chevron expands position in Venezuela}, year = {2031}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0P}, note = {Original source: https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Accessed September 15, 2026.} }

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Everything needed to check this number yourself, without taking our word for it.

Record last modified 15 September 2026. Value type: forecast. Update cadence: annual. This page is permanently addressable at statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0P.