Chevron stock and Venezuela agreements remain in focus

Company: Chevron Corporation
ISIN: US1667641005
Venue: Lang &amp; Schwarz
Quote: 194.27 euros on Thursday, November 12, 2026, at 16:12 CET

Published on 11/12/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chevron stock is in focus as plans target a Venezuelan gas-field return and Orinoco expansion. The terms of the agreements remain undisclosed.

Venezuela plans shape Chevron focus

Chevron is expected to sign agreements covering a Venezuelan gas-field return and expansion in the Orinoco heavy-crude belt.
The specific terms remain undisclosed, while Chevron is focusing on expanding the Petropiar project into the Ayacucho 8 area.

Chevron, US1667641005, Illustration mit AI erstellt.

Chevron stock traded at 194.27 euros on Lang & Schwarz at 16:12 CET on Thursday, November 12. Compared with the 191.63-euro quote cited in the latest own report from Wednesday, November 11 at 16:26 CET, the change was 1.38 percent.

A Reuters report carried by The Economic Times says Chevron is expected to sign agreements covering the return of a Venezuelan gas field and participation in an extra-heavy crude area in the Orinoco Belt. The report says the planned pacts would be signed with Venezuela's oil ministry and state-owned PDVSA.

Venezuela plans shape upstream options

The specific terms of the planned agreements have not been disclosed. Chevron is instead focusing on expanding Petropiar, its main Venezuelan oil project, into the neighboring Ayacucho 8 area, according to the report.

For investors, the development keeps Venezuela tied to Chevron's upstream growth options while leaving the commercial scope of the agreements open. The report also says Chevron had previously explored the Loran gas field, which it confirmed as holding more than 7 trillion cubic feet of reserves, but did not develop it.