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Quick Read \\- CVX plans to invest $7 billion in Venezuela over five years, targeting production above 600,000 barrels per day at costs below $20 per barrel. \\- U.S. Venezuelan crude imports surged 237% over six months to 782,000 barrels per day, the highest weekly level since 2017. \\- President Trump plans to use Venezuelan oil to refill the Strategic Petroleum Reserve, adding government demand to Chevron's growing upstream position. U.S. imports of Venezuelan crude jumped by 183,000 barrels per …
— ORIGINAL POST ·
U.S. Oil Imports From Venezuela Just Exploded to a 9-Year High and Chevron Could Be the Biggest Winner
· r/stocks
· Sep 23, 2026