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This Oil Major Is Perfectly Positioned to Benefit From Trump's Oil Deal With Venezuela

The Motley Fool·
This Oil Major Is Perfectly Positioned to Benefit From Trump's Oil Deal With Venezuela

President Trump announced a 25-year deal with Venezuela giving the U.S. control of over 65 billion barrels of oil reserves. Chevron, the only major American oil company with existing operations in Venezuela, is positioned to significantly benefit from this agreement. The company already accounts for about one-fourth of Venezuelan oil production and has refining capacity to process heavy crude from the country.

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