Key facts: Explosion at Petroboscan Cuts Chevron's Venezuela Output; CVX Execs Adjust Shares
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On December 19, 2025, an explosion at a Petroboscan facility in Venezuela, where Chevron owns 40%, cut production by 3,100 barrels daily from 15 wells, damaging equipment.1Chevron is now the top foreign investor in Venezuela, maintaining operations amid U.S. sanctions and military pressure linked to President Maduro's regime.2On December 19, 2025, Chevron (CVX) executives reported share changes. Michael Wirth added 836 shares, while others like Alana Knowles and Pate Hewitt also adjusted their holdings.3
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