Xin Jing Bao·2026-01-10 10:36Core Viewpoint - President Trump is pressuring major U.S. oil companies to invest in Venezuela's oil industry, warning that there are others willing to take their place if they do not show interest [1][1]. Group 1: Meeting Context - On January 9, President Trump met with approximately 20 executives from major oil companies, including Chevron and ExxonMobil, to discuss potential investments in Venezuela's oil sector [1][1]. - Many executives expressed caution regarding future investments in Venezuela, highlighting the risks involved [1]. Group 2: Company Statements - Ryan Lance, CEO of ConocoPhillips, emphasized the need to discuss the "restructuring" of Venezuela's entire energy system, citing a previous loss of $12 billion incurred by the company in Venezuela [1][1]. - The meeting revealed a general reluctance among U.S. oil executives to commit to investments in Venezuela due to past financial losses and ongoing instability [1]. Group 3: Trump's Warning - Trump warned the executives that if they are not interested in investing in Venezuela, he has 25 individuals ready to take their positions, indicating a strong push for investment [1][1].