---
title: "Scott Bessent lauds $7B Chevron Venezuela deal as a salve to red-hot gas prices, but will it really work?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299475862.md"
description: "The oil giant is expanding its Venezuelan operations with plans to more than double production."
datetime: "2026-09-18T17:32:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299475862.md)
  - [en](https://longbridge.com/en/news/299475862.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299475862.md)
generator: "portal-rs"
---

# Scott Bessent lauds $7B Chevron Venezuela deal as a salve to red-hot gas prices, but will it really work?

The oil giant is expanding its Venezuelan operations with plans to more than double production.

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