DAVID BLACKMON: Chevron And Shell’s Venezuela Deals Vindicate Trump Strategy
By David Blackmon
Published on April 16, 2026.
CheCheChevvy and Shell are making significant investments in the Venezuelan oil industry as part of the Trump Administration's plans to revitalize the country's economy. The deals were signed by Chevron officials to expand the company's footprint in the Orinoco Belt and Shell is set to complete a similar deal later this week. These deals are the result of the administration's decision to remove Nicolás Maduro and launch a $100 billion reconstruction plan for Venezuela's energy sector, and implement reforms to Venezuela’s hydrocarbon law. Despite criticism from critics, these deals have been vindicated as Venezuela's oil industry continues to thrive. The current path aligns with American and European majors returning to global markets that desperately need it and rebuild a stable neighbor in our own hemisphere.
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