Heads of Exxon, Chevron, Halliburton, Shell and others are hearing the president's pitch for investing in Venezuela as the US plans to "run" the South American country.

When President Trump announced the capture of former Venezuelan President Nicolás Maduro and his wife on Saturday, he justified the military operation in part by framing it as a move to recover assets that he claims had been stolen from U.

ExxonMobil's CEO said legal and commercial hurdles make Venezuela's oil "uninvestsable" unless the Trump administration pushes major changes.

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million barrels heading to Gulf Coast.

Oil prices rose on Friday on concerns about potential disruption to Iran's output and uncertainty about supply from Venezuela.

Major oil companies are uninterested in making significant investments in Venezuela, Treasury Secretary Scott Bessent said Thursday, casting doubt on President Donald Trump’s aspirations that they’ll join the U.S. government’s effort to revive Venezuela’s oil industry.

Energy experts say the US and China are diverging on the energy transition, with China sprinting far ahead on renewables and EVs, while the US doubles down on drilling oil at home and abroad.

Executives from two local oil companies met with Trump on Friday to discuss U.S.-backed oil operations in Venezuela.

Trump holds a meeting of oil CEOs at the White House to project support for his Venezuela plans. But the companies are skeptical.