Group 1 - Major U.S. oil companies are set to invest $100 billion to rebuild Venezuela's energy sector following the capture of Nicolás Maduro [1][4] - The investment aims to enhance Venezuela's oil infrastructure and increase production to unprecedented levels, with the U.S. and Venezuela together holding 55% of the world's oil [2][4] - The U.S. administration will determine which companies can operate in Venezuela, with the expectation that U.S. consumers will benefit from lower gas prices [4][7] Group 2 - Venezuela has agreed to allow the U.S. to refine and sell up to 50 million barrels of its crude oil, which will be an ongoing arrangement [4][8] - The oil will be sold at market price, with proceeds managed by the U.S. President to benefit both Venezuelan and U.S. citizens [10] - Currently, Chevron is the only U.S. oil company operating in Venezuela, while others like ConocoPhillips and ExxonMobil had their assets nationalized [12]
Trump announces $100B oil investment plan for Venezuela following Maduro's capture