Trump Targets $100 Billion Private Investment to Revive Venezuela Oil Sector
President Trump seeks $100 billion in private investment from oil executives to revive Venezuela's oil sector, promising US government protection and 'total safety'.
$100 billion in private capital for Venezuela—is it a real possibility or a diplomatic gamble? President Donald Trump summoned top energy executives to the White House, promising 'total safety' for those willing to reinvest in the crisis-stricken South American nation. It's a bold move to wrestle control of the world's largest oil reserves away from historical instability.
Trump’s $100 Billion Plan for Venezuela Oil
On January 9, 2026, President Trump met with representatives from 17 companies, including ExxonMobil, Chevron, and ConocoPhillips. The administration's goal is to secure massive investment to restore Venezuela's oil production, which has fallen below 1 million barrels per day (bpd). Trump clarified that the funding should come from 'Big Oil' rather than the US government, though he offered state-backed protection in exchange.
You have total safety. You're dealing with us directly and not dealing with Venezuela at all. We don't want you to deal with Venezuela.
The administration's push follows the recent seizure of five tankers linked to Venezuelan oil by US forces over the past month. This suggests the White House intends to maintain tight control over the production, refining, and export of the country's petroleum assets.
Exxon’s Caution and Geopolitical Hurdles
Despite the promises, skepticism remains high. Darren Woods, CEO of ExxonMobil, noted that the current legal and commercial frameworks make the country 'un-investable.' The industry hasn't forgotten the 2007 nationalization under Hugo Chavez that saw private assets seized without warning.
While Trump claims interim President Delcy Rodriguez is cooperating behind the scenes, critics like Tyson Slocum of Public Citizen have labeled the intervention 'violent imperialism.' There's also concern from analysts that if revenue isn't shared transparently with Caracas, the deepening economic crisis could lead to further instability.
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