---
title: "Chevron Says Venezuela Oil Sales Will Fund $7 Billion Expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298752119.md"
description: "Chevron Corp. said its $7 billion expansion in Venezuela will be financed with profits from crude produced and sold in the country, rather than outside cash injections, according to Bloomberg. The comment came from Chevron Chief Executive Officer Mike Wirth, who said the oil giant expects the project to be self-funded through Venezuelan operations."
datetime: "2026-09-11T15:45:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298752119.md)
  - [en](https://longbridge.com/en/news/298752119.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298752119.md)
generator: "portal-rs"
---

# Chevron Says Venezuela Oil Sales Will Fund $7 Billion Expansion

Chevron Corp. said its $7 billion expansion in Venezuela will be financed with profits from crude produced and sold in the country, rather than outside cash injections, according to Bloomberg. The comment came from Chevron Chief Executive Officer Mike Wirth, who said the oil giant expects the project to be self-funded through Venezuelan operations.

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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)
- [Chevron to fund $7 billion Venezuela investment with revenue from existing operations, CEO says](https://longbridge.com/en/news/298744047.md)
- [Chevron announces R$ 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)
- [IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows](https://longbridge.com/en/news/298704166.md)

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