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Trump Calls on Oil Giants to Invest in Venezuela – ExxonMobil Cautious, Chevron More Optimistic

Published January 10, 2026, 06:10
Trump Calls on Oil Giants to Invest in Venezuela – ExxonMobil Cautious, Chevron More Optimistic

Donald Trump has called on top executives of the oil industry to invest in Venezuela's energy reserves, assuring them of the safety of their investments following the US military operation and the overthrow of Maduro. The meeting took place at the White House and was attended by representatives of major companies such as ExxonMobil, Eni and Repsol. Trump estimated that at least $100 billion could be invested in the country, under the direct control of the United States. ExxonMobil expressed reservations due to previous seizures of assets, while Chevron appeared more optimistic, stating its willingness to help rebuild Venezuela. Venezuela has the largest proven reserves of crude oil in the world, but production remains low due to a long-standing political and economic crisis. Restarting oil production is expected to be a long and difficult process.