Chevron to Invest $13.8B in Vaca Muerta, Tripling Output by 2035

Chevron announced a $13.8 billion investment to triple production in Argentina's Vaca Muerta shale play by 2035, the largest foreign investment under Argentina's RIGI incentive regime. The move signals renewed foreign capital inflow into Argentina's energy sector, boosting output potential and export capacity. Uncertainty remains over execution timelines and regulatory stability.