US EditionTrump says US could reimburse oil companies for Venezuela expenses
President Trump said U.S. oil firms could be reimbursed for rebuilding Venezuela’s oil sector within 18 months to encourage investment after Maduro’s removal.
- In a Monday NBC News interview, Trump said the U.S. could reimburse American oil companies and that Venezuelan oil could be revived in fewer than 18 months.
- After Maduro's capture on Jan. 3, the administration is dispatching Energy Secretary Chris Wright to meet oil executives later this week about Venezuela's oil industry.
- Chevron, the lone U.S. operator in Venezuela, faces White House focus as President Donald Trump said `The oil companies were absolutely aware that we were thinking about doing something`.
- Wall Street reacted cautiously as an early trading spike flattened, while Trump argued increased Venezuelan production would lower prices and benefit consumers with gas at $2.81.
- Longer term, experts warn rebuilding Venezuela's oil sector will cost tens to hundreds of billions and reshape geopolitics, disadvantaging China and Russia amid uncertain Venezuelan governance.
114 Articles
114 Articles
The Christian Science Monitor
UpstractTrump wants US companies to produce Venezuelan oil. But will they?
In its takeover of Venezuela, the Trump administration aims to give U.S. Gulf Coast refineries access to the country’s large reserves of heavy oil.
Louisiana Illuminator
US oil companies will be slow to answer Trump’s call to tap into Venezuela, experts say
The 'El Palito' refinery in Puerto Cabello, Venezuela, is pictured on Dec. 18, 2025. President Trump wants U.S. oil companies to extract oil from the country vast untapped after taking military action to remove its president, Nicolás Maduro, and prosecute him on drug charges. The phrase "Hope is in the streets" is painted on the wall in front of the refinery. (Photo by Jesus Vargas/Getty Images)President Donald Trump is unlikely to see many U.S.…
As soon as Maduro is lost, Donald Trump promises Venezuela's oil sector billions. US oil companies' stock prices are rising, but experts see obstacles.
Administering Venezuela is much more than rebuilding the oil industry, something that U.S. President Donald Trump argues his country's companies could do in less than 18 months.
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