US Oil Giants Eye Billions in Venezuela, Set Conditions for Trump

• US oil companies like Chevron, ExxonMobil, and ConocoPhillips met with President Trump to discuss investing in Venezuela's oil sector.
• Companies demand security guarantees and political support from the US government for potential multi-billion dollar investments.
• Chevron, already present in Venezuela, aims to significantly expand its operations and increase oil production.
• ExxonMobil emphasizes the need for improved laws and business regulations in Venezuela to facilitate investment.
• Halliburton, which ceased operations in 2019 due to sanctions, is eager to return to Venezuela.
• President Trump assured strong security guarantees for companies investing in Venezuela.

Why It Matters: US oil companies are ready to invest billions in Venezuela's oil, contingent on security and political stability.