Chevron CEO Says Venezuela Must Do More for Oil Industry Revival

Chevron Corp. Chief Executive Officer Mike Wirth said changes to Venezuela’s oil policy are a sign of progress in trying to attract foreign investment, though further measures are needed.

“It moves things in a positive direction,” Wirth said on CBS’ Face the Nation. “It still needs some work. It’s probably not enough to bring in the level of investment that would be desirable. So I think there’s progress that’s been made.”

Wirth expressed confidence in the Trump administration’s Venezuela policy after the US toppled Nicolás Maduro in January and Delcy Rodríguez became the country’s acting president. Within weeks after ...