Free Trial

Chevron Producing About 90,000 bpd of Crude In Venezuela


Chevron is producing about 90,000 bpd from its Venezuelan oil production - nearly double the daily output in 2022, according to its Chief Executive Officer Michael Wirth.

  • On production growth in the country, Wirth said "I would expect us to go slow", with gains limited by political risk such as future elections in the country.
  • Chevron received a six-month U.S. license last November that can be automatically renewed monthly.
  • The US oil firm shipped more than 100,000 bpd of Venezuelan crude to the United States last month as part of the new deal according to Refinitiv.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.