Chevron Sees Self-Funding Model in Venezuela to Safeguard Cash

Chevron Corp. intends to finance Venezuelan oil investments with cash from oil sales rather than committing new capital to the country, Chief Financial Officer Eimear Bonner said in an interview.

By Kevin Crowley · Bloomberg Markets

Chevron Corp. intends to finance Venezuelan oil investments with cash from oil sales rather than committing new capital to the country, Chief Financial Officer Eimear Bonner said in an interview.