{"id":333058,"date":"2026-02-02T15:18:27","date_gmt":"2026-02-02T19:18:27","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/chevron-bets-on-venezuela-after-exceeding-earnings-expectations\/"},"modified":"2026-02-02T15:33:02","modified_gmt":"2026-02-02T19:33:02","slug":"chevron-bets-on-venezuela-after-exceeding-earnings-expectations","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/chevron-bets-on-venezuela-after-exceeding-earnings-expectations\/","title":{"rendered":"Chevron bets on Venezuela after exceeding earnings expectations"},"content":{"rendered":"\n<p>Chevron beat fourth-quarter earnings estimates with <strong>$1.52 per share<\/strong>, above the $1.45 expected by analysts, despite posting a decline versus the same period last year, when it reached $2.06 per share. This relative improvement reflects a corporate focus on efficiency, cost reduction and operational optimization. <a href=\"https:\/\/inspenet.com\/en\/article-category\/operation-management\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>operational optimization<\/strong><\/a> in the context of lower crude oil prices. <\/p>\n\n<p>During the quarter ended December, total production remained stable at <strong>4 million barrels of oil<\/strong> equivalent per day (boepd), driven in part by the integration of Hess and good performance in the Permian Basin, Guyana and the Gulf of Mexico.<\/p>\n\n<h2 class=\"wp-block-heading\">Venezuela, a key player in its regional strategy<\/h2>\n\n<p>The energy firm, currently the only US oil company active in Venezuela, confirmed that it is evaluating <strong>new investment opportunities in the<\/strong> South American <strong>country<\/strong>. Chevron already produces 250,000 boepd in Venezuela, but could increase that figure by 50% in the next 18 to 24 months if it receives additional authorizations from the US government. <\/p>\n\n<p>The company has had a presence in Venezuela for more than a century and believes that the country represents a <strong>long-term energy potential<\/strong>, especially after the recent partial easing of sanctions imposed by the U.S. administration.<\/p>\n\n<h2 class=\"wp-block-heading\">Projections for 2026 and global context<\/h2>\n\n<p>The oil company forecasts production growth of <strong>7% to 10% by 2026<\/strong>, thanks to new projects in Guyana and the Gulf of Mexico. However, it anticipates that planned refinery shutdowns <strong><a href=\"https:\/\/inspenet.com\/en\/articulo\/plant-shutdowns-in-the-oil-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">scheduled refinery shutdowns and maintenance<\/a><\/strong> and maintenance will affect <strong>185,000 to 225,000 boepd<\/strong> in the first quarter, which could also impact downstream earnings. <\/p>\n\n<p>The upstream sector recorded a <strong>30% year-on-year decline in profits<\/strong>, while the downstream sector reported profits of US$823 million, thanks to higher margins on refined products.<\/p>\n\n<h2 class=\"wp-block-heading\">Chevron and Venezuela: An Evolving Strategic Relationship<\/h2>\n\n<p>In a changing geopolitical environment, Chevron is positioning itself as a key player in Venezuela&#8217;s potential energy recovery. The company not only seeks to consolidate its production, but also to expand its impact in a region with vast oil resources and growing international attention. <\/p>\n\n<p>As regulatory conditions allow for greater openness, Chevron is strengthening its role as an energy partner in Venezuela, aligning its corporate objectives with broader regional interests.<\/p>\n\n<p><strong>Source: <a href=\"https:\/\/www.chevron.com\/-\/media\/chevron\/stories\/documents\/4Q-2025-earnings-pressrelease.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Chevron<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chevron reinforces its strategy in Latin America as it consolidates its operational efficiency and seeks to expand its oil operations in Venezuela.<\/p>\n","protected":false},"author":10019,"featured_media":333040,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-333058","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/333058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=333058"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/333058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/333040"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=333058"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=333058"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=333058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}