Chevron is eyeing LNG growth from Argentina to the Mediterranean, Africa and Australia as buyers seek supply beyond Middle East chokepoints. Its Gorgon and Wheatstone projects already account for about 5% of global LNG supply. #LNG#Chevron#NaturalGas
Chevron plans to double its Venezuela rig fleet and lift production from 290,000 bpd to roughly 600,000 bpd over five years. Its three joint ventures will invest more than $7B through 2031, with costs below $20/bbl. #Chevron#Venezuela#Oil
Chevron plans to invest more than $7B in Venezuela through 2031 and more than double production to roughly 600,000 bpd. New agreements provide additional Orinoco Belt acreage and improved fiscal and legal terms. #Chevron#Venezuela#Oil
Chevron has made a new offshore Angola discovery, hitting 300+ feet of net oil and gas condensate pay in Block 0. The find could tie into existing infrastructure, potentially cutting development costs and speeding first production. #Oil#Angola#Chevron
Big Oil is cashing in on the Iran war. Chevron and ExxonMobil posted a combined $26.7B in Q2 profit as higher crude prices, record refining margins, and rising production fueled a 128% YoY earnings surge for the energy sector. #Oil#Energy#ExxonMobil#Chevron#Earnings
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