# Chevron Corp. is set to expand its oil footprint in Venezuela.

*business · news · 2026-04-13 · Moneycontrol*

## Key points

- Chevron will be awarded two additional oil fields in Western Venezuela imminently.
- US restrictions on investment and crude purchases from Venezuela have been lifted since Maduro's capture.
- Chevron agreed to return an offshore gas field to Venezuela as part of the new deal.
- Shell is close to signing an agreement to operate the Loran offshore gas field with Venezuela.

**Companies:** Chevron Corp., Shell Plc
**Countries:** Venezuela, United States

[Read the full story on Moneycontrol](https://www.moneycontrol.com/world/venezuela-set-to-award-oil-fields-to-chevron-to-help-grow-output-article-13887991.html)

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