Crude oil production cost

STO-REC-STAT01M2KJT2 National
20USD per barrel
estimate

Venezuela · as of 2 Sep 2026

Crude oil production cost in Venezuela averaged 20 USD per barrel as of 2 September 2026 (Chevron).

Original source
Publisher
Chevron
Authority tier
T2 National
Locator
Chevron expands position in Venezuela
Retrieved
15 Sep 2026
Status
Verified

What the source says

With total costs of less than $20 per barrel and a large resource base, Venezuela is a platform of differentiated oil growth under Chevron’s disciplined cash management model.

Verbatim extraction verified: The figure 20 USD per barrel is directly attested in the quoted passage (Chevron expands position in Venezuela).

The figure above was extracted from this passage. If it does not match, the extraction is wrong and we want to know.

Cite this figure

Published under CC BY 4.0. Attribute the original publisher; the citations below do that for you and link to this permanent record.

APA
Chevron. (2026). 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_01M2KJ7XC1BW4YXSVZGRDT9T0R
MLA
Chevron. "Chevron expands position in Venezuela." 2026, https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Accessed 15 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0R.
Chicago
Chevron. "Chevron expands position in Venezuela." 2026. https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Accessed September 15, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0R.
BibTeX
@misc{chevron2026crudedt9t0r, author = {{Chevron}}, title = {Chevron expands position in Venezuela}, year = {2026}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0R}, note = {Original source: https://www.chevron.com/newsroom/2026/q3/chevron-expands-position-in-venezuela. Accessed September 15, 2026.} }

Provenance and verification

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

Chain of Custody · Verification Audit
Record: STO-REC-STAT01M2KJ T2 National

Primary Source

Publisher
Chevron · homepage ↗
Authority tier
Tier 2 · National Official
Report
Chevron expands position in Venezuela
Type
Press release
Published
Locator
Chevron expands position in Venezuela
Retrieved
15 September 2026
Link status
Reachable (HTTP 200)
Report licence
See source

Verification & Integrity

Audit status
Verified
Review protocol
Editorial review
Checked on
15 September 2026
Last revision
15 September 2026
Archival URI
/stat/stat_01M2KJ7XC1BW4YXSVZGRDT9T0R