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PD
National Oil Company
Integrated
PDVSA
Caracas, Venezuela · Established 1976 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Petróleos de Venezuela S.A. (PDVSA) is Venezuela's state oil company, holder of the world's largest proved oil reserves predominantly in the Orinoco Belt heavy oil belt. Production recovered to approximately 800–900 kbpd in 2024 following years of decline from peak 3.2 mbpd, supported by Iran and China technical assistance and Chevron licence operations.
Financial data is not publicly disclosed in accordance with international standards. Revenue accrues to the Venezuelan state budget with exten...
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