Could Trump’s oil push in Venezuela upend OPEC’s energy order?

Chevron (CVX) and SLB signed oil deals with Venezuela, with Chevron agreeing to a $7B investment to double production. The Trump administration also secured a 35% stake in North American Blue Energy Partners. Experts note that smaller firms are wary of the risks involved, including political uncertainty and infrastructure challenges.

Chevron will expand operations in Venezuela, investing $7 billion over five years to double production to 600,000 barrels per day by 2026. The move follows a U.S. deal to develop Venezuela's oil reserves, though analysts express skepticism about the timeline and legal authority.

Chevron (CVX) announced new agreements with Venezuela to invest $7B over five years, aiming to double oil production to 600,000 barrels/day by 2026. The deal includes new acreage in the Orinoco Belt, with production costs below $20/barrel. This follows a strong Q2 earnings report where Chevron reduced debt by $8B and saw record production in the U.S.

Chevron (CVX) plans to invest $7B in Venezuela, doubling its production to 600K barrels/day. The company received two new oilfields in Venezuela's Orinoco Belt. CVX is the only major U.S. oil company still operating in Venezuela. CVX stock has risen 30% over the past year, trading at $211.05.

Chevron (CVX) reported Q2 FY26 earnings with EPS of $6.06, beating estimates by $0.79, and revenue of $70.06B, exceeding expectations by $7.70B. The company is an integrated energy firm with global operations. Recent quarters show mixed performance, with some beats and misses on earnings and revenue.

U.S. Energy Secretary Chris Wright announced an agreement with GE Vernova to stabilize Venezuela's power grid within six to 12 months. GE Vernova plans to add 1 GW of capacity in 24 months and 5 GW over four years. The U.S. Department of Energy described Venezuela's electrical system as a critical bottleneck. Chevron and Eni also made significant oil investment commitments in Venezuela.