Venezuela to Grant More Oil Blocks to Chevron

Chevron Corporation (NYSE:CVX) is included among the 14 Best LNG Stocks to Buy Now.

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.

A Bloomberg report on February 12 revealed that Venezuela plans to grant more oil production land to Chevron Corporation (NYSE:CVX), as President Trump pushes the American energy companies to rebuild the South American country’s crumbling oil infrastructure. The development follows last month’s reports that Chevron is set to increase its Venezuelan crude oil exports to the United States to around 300,000 barrels per day (bpd) in March, up significantly from 100,000 bpd in December 2025.

Chevron Corporation (NYSE:CVX) has emerged as a key winner from the recent US action in Venezuela, as the company had already been operating under a special US license in the country. The oil major’s four joint ventures with the state-run PDVSA are currently producing between 240,000 and 250,000 barrels of sour Venezuelan crude per day, which is especially popular among the US Gulf Coast refineries.

Chevron Corporation (NYSE:CVX) was recently included in our list of the 10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela.

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