# Chevron said its subsidiaries with interests in Venezuela agreed to an asset swap with Petroleos de Venezuela, or PdVSA.

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

## Key points

- Chevron will increase its stake in the Petroindependencia joint venture to 49%.
- Petropiar, 30% owned by Chevron, gains rights to develop a new area in the Orinoco Oil Belt.
- Chevron subsidiaries will transfer a 60% interest in an offshore block to PdVSA.
- Chevron will also give PdVSA gas licenses and a 25.2% non-operated interest in Petroindependiente.

**Companies:** Chevron
**Countries:** Venezuela

[Read the full story on MarketScreener](https://www.marketscreener.com/news/chevron-agrees-to-asset-swap-with-pdvsa-ce7e50dedf8ffe20)

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