Chevron confirms it will invest billions to expand operations in oil-rich Venezuela

Oil giant Chevron confirmed that it will expand its operations in Venezuela , just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron , the only U.S. oil company that has a major presence in the country , said Wednesday that it has been assigned additional acreage in the Orinoco Belt, where the co