Chevron Confirms Safe Venezuela Operations After Major Earthquakes

Commodity
โดย Zacks Investment Research·Read original
Summary · why it matters

Chevron confirmed its operations in Venezuela remain unaffected after two powerful earthquakes measuring 7.2 and 7.5 in magnitude. All employees are safe and accounted for, and the company's three onshore heavy crude projects continue normal operations. Key oil infrastructure, including the Paraguaná refining complex and the José export terminal, also maintained regular activities. Other international operators such as Eni and Repsol reported their Venezuelan assets remain operational, with Eni continuing natural gas supply for about half of the country's gas-fired power generation. Chevron, which contributes roughly a quarter of Venezuela's total crude output, reaffirmed its commitment to employee safety and community support during the recovery.

Impact on stocks 3

Energy · 3 stocks
Chevron Corp
CVX
▲ PositiveSupplyrelevance

Operations and infrastructure unaffected by earthquakes, ensuring continued production.

Eni S.p.A.
ENI
▲ PositiveSupplyrelevance

Venezuelan assets remain operational, including natural gas supply for power generation.

Repsol S.A.
REP
▲ PositiveSupplyrelevance

Venezuelan assets reported operational after the earthquakes.