SLB reactivating rigs and rebounding US imports support Chevron's Venezuela ramp, but it's a small slice of a 3.7M boe/d producer. Chevron's JVs hit ~280k bpd gross and target up to 50% growth by 2028; its equity share is smaller. Marginal upside for Buffett's 7.1% CVX stake, hinged on US sanctions licenses that can be revoked.