---
title: "Chevron to double oil rigs in Venezuela as part of growth plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298350894.md"
datetime: "2026-09-08T17:18:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298350894.md)
  - [en](https://longbridge.com/en/news/298350894.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298350894.md)
generator: "portal-rs"
---

# Chevron to double oil rigs in Venezuela as part of growth plan

HOUSTON, Sept 8 (Reuters) - Chevron (CVX.N) will double the number of oil rigs it operates in Venezuela as part of its five-year plan to grow production in the country, Chief Financial Officer Eimear Bonner said at a Barclays conference on Tuesday.

The company also received the right to international arbitration as part of its new contract terms with the Venezuelan government that were signed last week, Bonner added.

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## Related News & Research

- [Chevron already committed $7 billion to Venezuela. Trump says Exxon is next. Here's the big difference between the 2.](https://longbridge.com/en/news/298809286.md)
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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**