President Donald Trump, alongside, from left, 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, Jan. 3, 2025.
Jim Watson | Afp | Getty Images
The Trump administration has spoken to multiple oil companies about Venezuela, a White House official told CNBC on Monday.
President Donald Trump said Saturday that U.S. oil companies would invest billions of dollars to rebuild Venezuela’s energy sector after the capture of President Nicolás Maduro.
The White House official did not say which companies the administration has spoken to or when the conversations took place.
“All of our oil companies are ready and willing to make big investments in Venezuela that will rebuild their oil infrastructure, which was destroyed by the illegitimate Maduro regime,” White House spokeswoman Taylor Rogers said.
Reuters reported earlier that Chevron, Conoco and Exxon have not spoken to the administration about Maduro’s overthrow.
Energy Secretary Chris Wright is scheduled 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 U.S. oil major operating in Venezuela. CNBC has reached out to Chevron, Conoco and Exxon for comment.
