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Chevron ramps up Venezuela investment as Exxon signals caution

Chevron is investing $7 billion in Venezuela to double its oil output within five years, while ExxonMobil's chief executive says major reforms are still needed before the company commits.

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Chevron is investing $7 billion in Venezuela to double its oil output within five years, while ExxonMobil's chief executive says major reforms are still needed before the company commits.

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