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Venezuela Just Thrust Oil Stocks Into the Spotlight. Does That Make BP a Buy Here?
Yahoo Finance· 2026-01-07 20:11
The stunning U.S. military operation that toppled Venezuelan President Nicolas Maduro has thrust oil stocks into the spotlight as investors scramble to assess which energy companies stand to benefit most from accessing the world's largest proven crude reserves. British Petroleum (BP) finds itself in an intriguing position following these geopolitical developments that could reshape global energy markets for decades to come. Venezuela has 303 billion barrels of proven oil reserves, accounting for 17% of th ...
Trump says the US could pay American oil companies for work in Venezuela
Business Insider· 2026-01-06 05:13
President Donald Trump said the US could reimburse American oil companies for expanding their operations in Venezuela. "A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they'll get reimbursed by us or through revenue," Trump told NBC News in an interview on Monday.Trump declined to share his estimate of the cost for companies to repair or expand the South American country's deteriorating oil infrastructure. Despite Venezuela's vast oil reserves — estimated ...