Newsquawk Logo

Chevron will not increase capex this year to fast-track expansion in Venezuela, according to the FT citing the CFO

Chevron's decision to maintain its capital expenditure rather than fast-tracking its Venezuelan expansion signals a strategic focus on optimizing existing operations over aggressive expansion in a politically sensitive region.

Newsquawk StaffPublished On the live feed at — 9 more headlines followed before this page went public
Newsquawk headlinesUTC

ExxonMobil (XOM) Q4 2025 (USD): adj. EPS 1.71 (exp. 1.70), Revenue 82.3bln (exp. 80.67bln)

Israel announces Rafah crossing to open this weekend amid ongoing EU discussions

Chevron will not increase capex this year to fast-track expansion in Venezuela, according to the FT citing the CFO

Turkish Foreign Minister says Israel has called on the US to attack Iran, adding that they hope the US does not listen

Chevron Corporation (CVX) Q4 2025 (USD): EPS 1.52 (exp. 1.43), Revenue 46.9bln (exp. 46.88bln); hikes quarterly dividend +4% to 1.78/shr

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • Chevron will not raise capital spending to accelerate Venezuela expansion, instead focusing on lifting output from existing operations, CFO said. 
  • Production is about 250k BPD, with potential 50% growth pending US approvals.
  • Capital guidance remains USD 18-19bln for 2026, despite US pressure to invest.
Context

This could limit growth prospects and reflects the complex interplay between corporate strategies and regulatory pressures, especially from the U.S. government. The implications for energy markets could be significant, potentially affecting supply expectations and influencing price levels in both oil and gas sectors.

External

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.