---
title: "Chevron to fund $7 billion Venezuela investment with revenue from existing operations, CEO says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298744047.md"
datetime: "2026-09-11T14:12:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298744047.md)
  - [en](https://longbridge.com/en/news/298744047.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298744047.md)
generator: "portal-rs"
---

# Chevron to fund $7 billion Venezuela investment with revenue from existing operations, CEO says

By Sheila Dang

AUSTIN, Sept 11 (Reuters) - Chevron’s (CVX.N) planned $7 billion investment in Venezuela will come entirely from cash generated by the U.S. oil major’s three existing joint ventures in the country, not new outside capital, CEO Mike Wirth said on Friday.

“We’ll live entirely within the means of those ventures’ ability to generate cash, not bring in cash from the outside,” Wirth said at a University of Texas at Austin energy conference.

### Related Stocks

- [CVX.US](https://longbridge.com/en/quote/CVX.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)

## Related News & Research

- [Chevron already committed $7 billion to Venezuela. Trump says Exxon is next. Here's the big difference between the 2.](https://longbridge.com/en/news/298809286.md)
- [Chevron announces R$ 0.6 per unit dividend for 3Q 2026, payable Sept. 17](https://longbridge.com/en/news/298958699.md)
- [Chevron to double oil rigs in Venezuela as part of growth plan](https://longbridge.com/en/news/298350894.md)
- [Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India](https://longbridge.com/en/news/298883032.md)
- [Long-term LNG contracts help protect buyers from spot price spikes: Chevron Global Gas](https://longbridge.com/en/news/299005610.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**