Trump Vows 'Total Safety' to Lure Oil Giants for $100 Billion Venezuela Investment

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Firstpost•10-01-2026, 11:54
Trump Vows 'Total Safety' to Lure Oil Giants for $100 Billion Venezuela Investment
- •US President Donald Trump promised "total safety and security" to oil giants for a $100 billion investment in Venezuela.
- •The meeting at the White House included executives from Chevron, ExxonMobil, and ConocoPhillips, days after US forces took control of Venezuela's oil reserves and arrested Nicolas Maduro.
- •Trump emphasized that Maduro's arrest offers an unprecedented opportunity for oil extraction, benefiting the US with lower energy prices.
- •The investment will come from private oil companies, not the US federal government, with Trump offering government protection.
- •While some executives expressed support, ExxonMobil's CEO Darren Woods stated Venezuela is currently "uninvestable" but expressed confidence in the Trump administration to facilitate necessary changes.
Why It Matters: Trump seeks $100 billion private oil investment in Venezuela, promising security after Maduro's ouster.
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