Chevron is committing $7 billion through joint ventures to more than double its Venezuela oil output

What happened: Chevron is committing $7 billion through joint ventures to more than double its Venezuela oil output. Key numbers: $7 billion commitment. Output target 600,000 barrels per day, up from around 280,000 bpd currently. Why it matters: The plan would more than double Chevron's Venezuela production from current levels, expanding its output in the country through joint ventures.

Chevron's $7 billion joint venture commitment aims to more than double Venezuela oil output.

Chevron's $7 billion joint venture commitment aims to more than double Venezuela oil output. — impact context not separately stored; see What changed.