Sou Hu Cai Jing·2026-01-10 05:19Core Viewpoint - The meeting between President Trump and executives from major U.S. oil companies aimed to discuss potential investments in Venezuela's oil industry, but executives expressed caution regarding future investments due to the current legal and business environment in the country [1]. Group 1: Company Perspectives - ExxonMobil's CEO Darren W. Woods stated that Venezuela is currently "not investable" unless there are significant changes in the country's legal and business framework [1]. - ConocoPhillips CEO Ryan Lance emphasized the need to discuss a "restructuring" of Venezuela's entire energy system, noting that the company has previously incurred losses of $12 billion in Venezuela [1]. - Chevron is the only major U.S. oil company still operating in Venezuela, with Vice Chairman Mark Nelson indicating a potential for short-term increases in oil production but not committing to further investments [1]. Group 2: Investment Plans and Challenges - President Trump announced plans for U.S. oil companies to invest at least $100 billion to "rebuild" Venezuela's oil infrastructure and production capacity, promising "full" security guarantees for the companies involved [1]. - Despite Trump's call for U.S. oil companies to enter Venezuela to "make money for America," there are significant risks related to funding capabilities, security assurances, and political stability, with the most enthusiastic companies being the least prepared and experienced [1].