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Chevron CEO Says Venezuela Must Do More for Oil Industry Revival
Chevron CEO Mike Wirth stated that changes in Venezuela’s oil policy are a positive step towards attracting foreign investment but require further measures to bring in the desired level of investment. Wirth expressed confidence in the Trump administration’s Venezuela policy and noted that an increase in Venezuela’s oil production would enhance energy reliability and supplies in the United States, though he cautioned about the time and resources needed for recovery due to a diminished workforce.