Chevron Corporation is currently the only major American oil company that remains operational in Venezuela. The company maintains that its permanence does not respond to immediate political situations, but rather to a long-term strategy based on the magnitude of Venezuelan natural resources.
Chevron CEO Mike Wirth reiterated on Wednesday that the US company maintains its long-term commitment to Venezuela and its energy potential, despite the uncertain geopolitical environment.
In statements offered during the United States and Saudi Arabia Investment Forum in Washington DC, the executive assured that the company seeks to be part of the country’s economic reconstruction when the right conditions exist.
“Venezuela has great geological wealth and abundant resources,” said Wirth. The CEO also stressed the company’s commitment to the Venezuelan population: “We want to be part of the reconstruction of the Venezuelan economy when circumstances change.”
Chevron Corporation is currently the only major American oil company that remains operational in Venezuela. The company maintains that its permanence does not respond to immediate political situations, but rather to a long-term strategy based on the magnitude of Venezuelan natural resources.
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“The ups and downs seen in places like Venezuela are challenging, but we are playing for the long term,” Wirth stated, as reported. Bloomberg. The executive highlighted that the company continues to evaluate the national situation with a broad view, aware that the panorama could transform in the future.
Wirth’s statements coincided with a context of growing tension between the United States and Venezuela. Donald Trump’s government has hardened its stance against Nicolás Maduro, ordering the deployment of warships in the Caribbean as part of an operation associated with the fight against drug trafficking.
This military movement has revived speculation among Venezuelan bondholders, who believe that an eventual political change could unlock investments and reactivate access to the country’s vast oil reserves.
*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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