2 days ago - U.S. refining companies are poised to profit if more Venezuelan oil starts flowing to the United States.Credit...Brandon Thibodeaux for The New York Times · By Rebecca F. Elliott · Jan. 14, 2026 ... Some of the biggest early winners in the Trump administration’s efforts to assert more control over Venezuela’s energy industry are not the companies that produce oil but the ones that transform it into gasoline, diesel and other products.

6 days ago - Donald Trump promised oil giants “total safety, total security” in Venezuela in an effort to persuade them to invest $100bn in the country’s infrastructure after US forces toppled Nicolás Maduro from power.

6 days ago - "American companies will have the opportunity to rebuild Venezuela's rotting energy infrastructure and eventually increase oil production to levels never, ever seen before," Trump said at the opening of the meeting.

4 days ago - Chevron (CVX.N), opens new tab, the only U.S. company currently operating in Venezuela under a special licence, could lift its production by 50% within two years, from current levels of around 240,000 bpd, by upgrading equipment already in place, ...

2 weeks ago - Hours after the U.S. military captured Venezuelan president Nicolás Maduro, President Trump made it clear that the U.S. operation is about — at least in part — control of Venezuela's oil. "We're going to have our very large U.S. oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country," Trump said during a press conference Saturday.

2 weeks ago - The White House has told companies they must rebuild Venezuela's crude-pumping infrastructure if they want compensation for assets seized by Caracas. Evana, an oil tanker, is docked at El Palito port in Puerto Cabello, Venezuela, Dec.

15 hours ago - By now western oil firms have largely left – pushed away by production disruptions amid political turmoil, as well as payment arrears from the cash-strapped government. While Trump is sure there is treasure to be snatched under the Venezuelan soil, it’s probably safer, easier and cheaper for US companies to procure whatever oil the US economy needs at home.

1 week ago - “All of our oil companies are ready and willing to make big investments in Venezuela that will rebuild their oil infrastructure, which was destroyed by the illegitimate Maduro regime,” spokesperson Taylor Rogers said in a statement.

1 week ago - Jeffery Hildebrand, CEO of independent oil and gas producer Hilcorp Energy and a major Trump donor, said his company was “fully committed and ready to go to rebuild the infrastructure in Venezuela.” · Trump said during the meeting that companies that invest in Venezuela would be assured “total safety, total security,” without the U.S.

2 days ago - Venezuela owes international bondholders, oil companies and others as much as $170 billion — one reason why US firms have been reluctant to help rebuild the country’s infrastructure.

2 weeks ago - Trump said Saturday he will allow "very large United states oil companies" into Venezuela, who he said will spend the necessary billions to "fix the badly broken infrastructure, and start making money for the country."

1 day ago - Part of the plan requires ensuring the oil that is currently stored in Venezuela stays in Venezuela, sources said, which would be part of the security mission for private contractors if American companies ever reenter the country amid the ongoing political transition. Unlike other cases when private military contractors have been used in conjunction with US forces, the firms in Venezuela would be largely focused on protecting the oil infrastructure and not securing the country or protecting the current government.

1 day ago - “We’re going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country,” the President said earlier this month. 4,000 Troops and 4,500,000 Militiamen: What to Know About the U.S.-Venezuela Standoff · Rubio Attempts to Clarify Trump Claim That U.S.

2 days ago - "We have a path forward here very shortly to be able to increase our liftings from those joint ventures 100% essentially effective immediately," Nelson told Trump. "We are also able to increase our production within our own disciplined investment schemes by about 50% just in the next 18 to 24 months." Treasury Secretary Scott Bessent indicated Thursday that the U.S. might rely more on smaller oil companies, rather than the majors, to invest in Venezuela.

6 days ago - Chevron is the last remaining major American oil company still operating in the country. A handful of companies from other countries, including Spain's Repsol and Italy's Eni, both of which were represented at the White House meeting, are also ...

2 days ago - Exxon Mobil’s past experience with Venezuela is one of the reasons the company says it is taking a wait-and-see approach to reinvesting in oil ventures in the country – even though Trump has said that U.S. oil companies will now “spend ...

17 hours ago - The White House has presented a strategy to sell millions of barrels of sanctioned Venezuelan oil and control the proceeds, relying on investments from American oil companies to revive the country's oil infrastructure.