Chevron shares were trading 0.51% higher at $212.13 on Wednesday, while the oil major said it will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the South American country.
Under new agreements, Chevron's Petroindependencia joint venture will expand to include two adjacent areas in the Carabobo region located in Venezuela's vast Orinoco Belt.
