Chevron and Halliburton are nearing billion-dollar deals to invest in Venezuelan oil

1 month ago 13

Rommie Analytics

Chevron Corp. (CVX) and other U.S. energy companies are reportedly moving closer to deals that could bring billions of dollars of investment into Venezuela's oil fields. While Chevron is nearing an agreement to expand its operations in the country, Halliburton Co. (HAL) is reportedly in talks to provide equipment to Venezuelan oil producers, as the Trump administration pushes U.S. companies to help build the nation's oil industry. Chevron, Halliburton Eye Venezuela Opportunities Chevron could add two heavy-oil fields to its Venezuelan portfolio under the potential agreement, The Wall Street Journal reported, citing people familiar with the matter. The oil major...
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