The seeming détente between Petro, a leftist, and Trump, a conservative, appears to reflect that their shared interests override their deep differences.
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Moneycontrol10-01-2026, 03:31

Trump Urges Oil Giants to Re-enter Venezuela with $100 Billion Investment, Promises 'Total Safety'

  • President Trump called on oil executives from Chevron, ExxonMobil, and ConocoPhillips to invest $100 billion in Venezuela's oil sector.
  • Trump assured companies of 'total safety' and government protection, stating they would deal directly with the US, not Venezuela.
  • The move follows the US military raid to capture Nicolás Maduro and aims to revive Venezuela's oil production and lower US gasoline prices.
  • US forces have seized five tankers linked to Venezuelan oil, signaling US control over the country's petroleum exports.
  • Oil executives, including ExxonMobil CEO Darren Woods, expressed concerns about Venezuela's current 'un-investable' commercial frameworks and legal system.

Why It Matters: Trump pushes US oil companies to invest $100 billion in Venezuela, promising protection and control over its oil.

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