Trump says oil companies will spend $100 billion in Venezuela with U.S. protection
cnbc.com/2026/01/09/trump-venezuela-oil-executives-white-house-meeting.html
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Trump Hosts Oil CEOs for Venezuela Investment TalksOver a dozen oil firms discuss $100 billion investment plans as US aims to revive Venezuela’s oil sector and stabilize exports.
- President Trump convened executives from Exxon, ConocoPhillips, Shell, Chevron, and others to discuss Venezuela’s oil industry future.
- The US plans to regulate which companies may enter the Venezuelan market while encouraging at least $100 billion in investment.
- Venezuela’s oil output has dropped from 3.5 million to 800,000 barrels per day and requires large capital injections for recovery.
- US control over Venezuelan oil exports is intended to promote political change and ensure funds benefit Venezuela’s reconstruction.
In other words, Venezuela is committing to doing business with the United States of America as their principal partner.— Donald Trump during a meeting with oil executives at the White House.
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