Trump administration has spoken to multiple oil companies about Venezuela
U.S. President Donald Trump, L/R, along with Deputy Chief of Staff Stephen Miller, CIA Director John Ratcliffe, Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and Chairman of the Joint Chiefs of Staff Gen. Dan Caine, speaks to the press following U.S. military actions in Venezuela at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2025.
Jim Watson | Afp | Getty Images
The Trump administration is talking to multiple oil companies about Venezuela, a White House official told CNBC on Monday.
US oil companies will invest billions of dollars to rebuild Venezuela’s energy sector following the ouster of President Nicolas Maduro, President Donald Trump said Saturday.
The White House official did not say which companies the administration met with or when the talks took place.
“All of our oil companies are ready and willing to make major investments in Venezuela that will rebuild oil infrastructures destroyed by the illegitimate Maduro regime,” White House spokesman Taylor Rogers said. he said.
Reuters had previously reported that Chevron, Conoco and Exxon had not spoken to the administration about Maduro’s ouster.
Energy Secretary Chris Wright is scheduled to attend an energy conference hosted by Goldman Sachs in Miami this week. Executives from Chevron and ConocoPhillips are also expected to attend.
Chevron is the only US oil giant operating in Venezuela. CNBC has reached out to Chevron, Conoco and Exxon for comment.
