--- title: "Chevron (CVX) Signs Venezuela Deals That Add Orinoco Acreage And Reset Venture Terms" type: "News" locale: "en" url: "https://longbridge.com/en/news/297990019.md" description: "Chevron (CVX) has signed new agreements to expand its presence in Venezuela, securing additional heavy oil acreage in the Orinoco Belt and revising fiscal and operational terms for its joint ventures. The company plans substantial investment over the next five years, including more than US$7,000m in joint venture spending. This move reshapes Chevron's risk profile and capacity, aiming to secure long-life resources while maintaining exposure to sanctioned assets and policy risks." datetime: "2026-09-04T04:32:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297990019.md) - [en](https://longbridge.com/en/news/297990019.md) - [zh-HK](https://longbridge.com/zh-HK/news/297990019.md) generator: "portal-rs" --- # Chevron (CVX) Signs Venezuela Deals That Add Orinoco Acreage And Reset Venture Terms - Chevron (NYSE:CVX) has signed new agreements to expand its Venezuelan presence, securing additional heavy oil acreage in the Orinoco Belt. - The updated arrangements include revised fiscal and operational terms across Chevron's Venezuelan joint ventures. - The company plans substantial joint venture investment over the next five years under the new framework. Chevron is far from the only large energy producer reshaping its risk profile. It can be useful to compare this move with a wider group of resilient stocks exposed to similar long term themes through 79 resilient stocks with low risk scores. NYSE:CVX Earnings & Revenue Growth as at Sep 2026 Chevron is a US based integrated energy and chemicals company with a US$415.4b market cap, so moves in Venezuela plug into a much larger global portfolio that spans upstream production, refining and petrochemicals. For you, this context helps frame how material Venezuelan heavy oil exposure might be within its broader operations. 3 things going right for Chevron that this headline doesn't cover. ### Chevron’s Venezuela deal reshapes risk and capacity, not the whole story For investors, the new Venezuelan agreements clarify how Chevron is trying to use its scale to secure long life heavy oil resources on terms that support large upfront spending. Extra acreage in the Orinoco Belt and updated joint venture terms plug into an investment case already built around cash generation, integrated operations and a sizeable dividend. The risk profile does not go away, though. You are still dealing with exposure to sanctioned assets, policy decisions and project execution, so this news refines the existing thesis rather than replacing it. What matters next is whether Chevron and its partners actually deliver on the planned more than US$7,000m of joint venture spending over the next five years and the associated production targets. Watch for concrete progress updates from the Petroindependencia and related Venezuelan projects, including development timelines and realised volumes, to see if the new framework turns into durable, cash producing capacity. For the full picture including more risks and rewards, check out the complete Chevron analysis. *This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.* ### **New:** AI Stock Screener & Alerts Our new AI Stock Screener scans the market every day to uncover opportunities. • Dividend Powerhouses (3%+ Yield) • Undervalued Small Caps with Insider Buying • High growth Tech and AI Companies Or build your own from over 50 metrics. 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