Mizuho indicated in the report that Chevron's potential expansion in Venezuela may take longer than investors anticipated. Analyst Nitin Kumar said the company is currently seen as a key beneficiary of the potential rebuilding of the Venezuelan oil industry, but management may be cautious about this during a conference call with analysts at the end of the month. Chevron has been increasing production for the past three years, but further expansion could be costly. Kumar stated, “Additional growth in production may require capital investment, and while this is at the lower end of the global supply curve, a better financial framework is needed to ensure the company receives competitive returns.”

Mizuho indicated in the report that Chevron's potential expansion in Venezuela may take longer than investors anticipated. Analyst Nitin Kumar said the company is currently seen as a key beneficiary of the potential rebuilding of the Venezuelan oil industry, but management may be cautious about this during a conference call with analysts at the end of the month. Chevron has been increasing production for the past three years, but further expansion could be costly. Kumar stated, “Additional growth in production may require capital investment, and while this is at the lower end of the global supply curve, a better financial framework is needed to ensure the company receives competitive returns.”