Trump Calls Chevron, Exxon, Conoco for Venezuela Oil Reset Amid Maduro's Capture

World
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Moneycontrol•10-01-2026, 01:36
Trump Calls Chevron, Exxon, Conoco for Venezuela Oil Reset Amid Maduro's Capture
- •Donald Trump announced a White House meeting with top oil executives to discuss Venezuela's oil sector, US ties, security, and drug flow.
- •The meeting aims to lower oil prices for American consumers and address border security concerns.
- •Trump claimed Big Oil would invest $100 billion (Rs 8.3 trillion) to revive Venezuela's oil infrastructure, a figure industry sources question.
- •The discussions follow the capture of Venezuela's leader Nicolás Maduro and his wife, indicted in New York on drug trafficking charges.
- •Oil companies remain cautious about large-scale investments in Venezuela due to political instability, legal uncertainty, and sanctions.
Why It Matters: Trump seeks a Venezuela oil reset with major companies after Maduro's capture, aiming for lower oil prices and border security.
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