Trump: US Oil Giants to Invest Billions in Venezuela's Energy After Maduro Capture

• President Trump announced US oil companies will invest billions to rebuild Venezuela's energy infrastructure following a military operation leading to Nicolas Maduro's capture.
• The plan aims to restore Venezuela's oil sector to its former glory using US financial resources and industry expertise, with companies to be reimbursed.
• Major oil firms like Exxon Mobil Corp. and ConocoPhillips are hesitant to invest without political stability and clear legal/fiscal rules; Chevron Corp. continues to operate under a US license.
• Analysts warn that repairing critical infrastructure and boosting production could take years, facing challenges like low oil prices, significant risks, and a lack of skilled personnel.
• Venezuela, despite having the world's largest oil reserves, currently produces less than 1% of global supplies; China, its biggest buyer, condemned US actions.

Why It Matters: Trump envisions US oil giants revitalizing Venezuela's energy, but significant challenges remain.