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.”