Chevron “still in debt recovery mode” in Venezuela, CEO Mike Wirth says

HOUSTON, TEXAS  (By Pietro D. Pitts, Energy Analytics Institute, 1.May.2026, Words: 221) — Chevron Corporation CEO Mike Wirth said his company continues to leverage its “deep expertise and long-standing position to create an option for the future.”

A case in point was a recently announced asset swap with state-owned PDVSA, which increases Chevron’s position in the Orinoco Heavy Oil Belt, also known as the Faja.