Chevron continues to bet on Venezuela, WSJ reports

Chevron (CVX) continues to cling to its role as the largest foreign investor in Venezuela, despite the authoritarian state being in Washington’s crosshairs, Collin Eaton of The Wall Street Journal reports. CEO Mike Wirth is familiar with the risks and believes the company has the means to outlast changing governments in both countries. Additionally, the reward is potentially huge, with Venezuela’s government stating the oil reserves top 300B barrels.