American oil companies are seeking “serious guarantees” from Washington before committing to any new investments in Venezuela, according to people familiar with the discussions, who spoke to the Financial Times.
Senior officials from the U.S. Department of Energy, including Energy Secretary Chris Wright, met with leading energy executives in Miami on Wednesday to discuss their potential role in Venezuela following the removal of Nicolás Maduro. Wright also held separate meetings with executives from Chevron and ConocoPhillips, conveying President Trump’s message that major U.S. oil companies are expected to invest billions of dollars into rebuilding Venezuela’s struggling energy sector.
Executives from top U.S. oil firms — including Chevron, ExxonMobil, and ConocoPhillips — are also expected to meet with President Trump at the White House on Friday. During the meeting, they plan to press for strong legal and financial assurances before committing capital to future operations in Venezuela. “No one wants to go in there when a random fucking tweet can change the entire foreign policy of the country,” one executive told the Financial Times.
