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Behind the scenes of who is attending Trump's oil executive meeting after Maduro operation
Fox Business· 2026-01-09 15:45
Group 1 - President Trump is hosting top oil executives to discuss investment opportunities in Venezuela following the military's capture of Nicolás Maduro and his wife [1][6] - The meeting includes major American oil companies such as Chevron, Exxon, and ConocoPhillips, among others, to restore Venezuelan oil infrastructure [2][12] - Trump announced that Venezuelan oil will be turned over to the U.S., with an estimated 30 to 50 million barrels of oil to be sold at market price, with funds controlled by the U.S. government [9][10] Group 2 - The U.S. plans to run Venezuela and extract oil from its reserves for years, with discussions focused on ramping up oil production in the country [12] - Currently, Chevron is the only U.S. oil company operating in Venezuela, while others like ConocoPhillips and ExxonMobil had their assets nationalized [12]
Trump says US oil companies will spend billions in Venezuela
Reuters· 2026-01-03 18:27
Core Viewpoint - American oil companies are ready to invest in Venezuela to restore oil production, indicating a potential shift in the geopolitical landscape and energy market dynamics [1] Group 1: Investment Opportunities - President Trump announced that American oil companies are prepared to enter the Venezuelan market, which could lead to increased production levels in the country [1] - The announcement suggests a willingness from U.S. companies to engage in foreign investments, particularly in the energy sector, which may enhance their portfolio and market presence [1] Group 2: Market Implications - The potential investment in Venezuela by American oil companies could impact global oil supply and pricing, as increased production may lead to a more stable supply chain [1] - This move may also influence relations between the U.S. and Venezuela, potentially easing tensions and fostering economic collaboration in the energy sector [1]