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US oil giant Chevron confirms it will expand operations in Venezuela
Summary by The San Antonio Editorial Desk Michelle Chapman, Associated Press , as published by KSAT 12 (ABC affiliate)
· September 2, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
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Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Michelle Chapman, Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Sep 2, 2026 Indexed here Sep 2, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The company will invest more than $7 billion over five years. Production is expected to increase substantially, to around 600,000 barrels daily.
Chevron's expansion plans involve significant investment. The company will invest more than $7 billion over five years. Production is expected to increase substantially, to around 600,000 barrels daily. This expansion is part of a joint venture in the Orinoco Belt, where Chevron already has a presence.
The company's CEO expressed confidence in the potential of the area. Chevron has a long history in the region, spanning over a century.
Further details about Chevron's plans and the joint venture are available from the company's announcement.
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KSAT 12 (ABC affiliate) reported and published this story. The San Antonio selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KSAT 12 (ABC affiliate) . The San Antonio selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact the editor .
Category: business Published: September 2, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? Chevron's expansion plans involve significant investment. The company will invest more than $7 billion over five years. Production is expected to increase substantially, to around 600,000 barrels…
When was this published? This article was first published on September 2, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Michelle Chapman, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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