Chevron CEO Mike Wirth urges further reforms for Venezuela oil investment

11 articles · Updated · Bloomberg · Apr 26

Speaking on CBS’ Face the Nation, Mike Wirth acknowledged recent changes in Venezuela’s oil policy but emphasized that more reforms are needed to attract sufficient foreign investment.
Wirth described the policy adjustments as a positive step, yet insufficient for reaching desirable investment levels in Venezuela’s oil sector.
Chevron remains one of the few major U.S. oil companies operating in Venezuela, where government reforms are seen as crucial for revitalizing the country’s struggling energy industry.

Will oil giants invest billions in Venezuela amid a global oil surplus?

When will Venezuela's oil comeback actually lower gas prices in the U.S.?

Could Venezuela pivot to renewables instead of doubling down on oil production?

How will new oil wealth reach ordinary Venezuelans, not just elites?

Can Venezuela's new laws protect investors from its history of seizing assets?