Delcy Rodrígez, Venezuela's acting president, said after the signing of agreements with energy companies Chevron and Eni that she hopes the major oil agreement between Caracas and Washington, announced the previous Friday, will benefit U.S. citizens. ^[1] Chevron announced on Wednesday that it will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years. ^[2] Delcy Rodriguez, the interim leader of Venezuela, stated on September 2, 2026, that elections will be held when the country is prepared to do so. ^[3] On 2026-09-09, Venezuela and the United States advanced their oil agreement with the signing of new conventions involving Chevron and Eni in Caracas. ^[4] Delcy Rodríguez, the interim president of Venezuela, expressed on Wednesday that she expects the newly signed oil agreement to benefit US citizens. ^[5] Energy Secretary Chris Wright stated that the deals, worth tens of billions of dollars of investment, are seen as a quid pro quo for Washington winning majority control of 65 billion barrels of Venezuelan oil reserves. ^[6] US energy firms signed a raft of multibillion-dollar deals with Venezuela days after the country agreed to grant the United States control of a huge chunk of its vast oil reserves. ^[7] Delcy Rodrígez praised the work of the government of U.S. President Donald Trump in reaching what she called a historic alliance between Venezuela and the United States. ^[8] Venezuela signed agreements with transnational energy companies Chevron and Eni prior to Rodrígez's remarks. ^[9] Chevron CEO Mike Wirth said in a statement that the company's expanded position reflects confidence in Venezuela's deep resource potential and its ability to compete for investment for decades. ^[10] Chevron stated it has been assigned additional acreage in the Orinoco Belt and will expand its Petroindependencia joint venture to include two adjacent areas in the Carabobo region. ^[11] The new agreements provide enhanced fiscal, commercial, and legal terms to protect long-term investments, with total production costs expected to be less than $20 per barrel. ^[12]