While U.S. President Donald Trump is pressuring U.S. oil companies to invest $100B into Venezuela’s oil sector, a rapid escalation in oil investments is not in the cards for most companies, not even Chevron (CVX), the only U.S. oil company operating in the country, Collin Eaton and Emily Glazer of The Wall Street Journal reports, citing people close to the company. Oil executives want to se the stability in the country and higher oil prices before making big investments. This will likely test the leadership of CEO Mike Wirth, who will have to balance the wishes of the president as well as his shareholders.
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