Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap

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Title: Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap
Authors: Chevron Corporation
Source: Business Wire (English). 04/13/2026.
Abstract: Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic assets in the country. [ABSTRACT FROM PUBLISHER]
Database: Regional Business News
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Abstract:Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic assets in the country. [ABSTRACT FROM PUBLISHER]