Why This Oil Giant Keeps Betting on Countries Everyone Else Avoids

Chevron continues to invest in geopolitically risky countries like Venezuela and the Middle East that competitors avoid, betting on long-term energy reserves rather than short-term oil price fluctuations. The company's strong financial position (0.2x debt-to-equity ratio) and early investments in countries like Venezuela are now paying off, giving it competitive advantages over more conservative peers like ExxonMobil.