Chevron CEO: Venezuela needs to implement more measures to revive the oil industry.

Chevron CEO Mike Wirth said that Venezuela's adjustment of its petroleum policy is a positive step in attracting foreign investment, but the country still needs to implement more supporting measures. Wirth pointed out, "This adjustment is moving in the right direction, but there is still room for improvement. The current efforts may not be enough to attract the desired level of investment. So, I believe there is progress, indeed."