Chevron reportedly plans $7 billion Venezuela oil investment as Eni expands regional bets

United StatesItalyVenezuelaUruguay

First seen: Sep 7, 2026, 10:46 PM UTCUpdated: Sep 8, 2026, 12:17 AM UTC

WHAT HAPPENED

New reports describe Chevron doubling down on Venezuela with a reported $7 billion oil investment, while Eni is also reported to be expanding energy activity in the region. The reports include investments in Uruguay as well as Venezuela.

SO WHAT?

Large energy commitments could affect Venezuela's oil output, sanctions exposure and regional investment flows.

FOR ME

Impact on Switzerland

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MARKETS

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COVERAGE

Reports behind this event

insidermonkey.comen

Eni (E) is Betting Billions on Venzuela's Massive Oil Reserves

Sep 8, 2026, 12:17 AM UTC

insidermonkey.comen

Eni (E) Bets Big on Uruguay with Stakes in Two Offshore Blocks

Sep 8, 2026, 12:16 AM UTC

insidermonkey.comen

Chevron (CVX) Doubles Down on Venezuela with a $7 Billion Oil Bet

Sep 8, 2026, 12:16 AM UTC

finance.yahoo.comen

Chevron (CVX) Doubles Down on Venezuela with a $7 Billion Oil Bet

Sep 7, 2026, 11:47 PM UTC

finance.yahoo.comen

Eni (E) is Betting Billions on Venzuela's Massive Oil Reserves

Sep 7, 2026, 10:46 PM UTC