The Trump administration plans to meet with US oil executives to discuss increasing Venezuelan oil production following the abduction of leader Nicolas Maduro. Despite Trump’s claims of prior discussions, major companies like Exxon Mobil, ConocoPhillips, and Chevron have not engaged with the White House yet. Analysts warn that significant investment and years of infrastructure improvement are needed, amid low oil prices and political uncertainty. Chevron remains the only major US company operating in Venezuela, while others seek restitution for past nationalizations.
