Trump summons 20 oil industry giants to the White House, plans to invest $100 billion to rebuild Venezuela

Stheadline
2026.01.09 07:10
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U.S. President Trump convened nearly 20 senior executives from oil companies at the White House, planning to invest up to $100 billion to rebuild Venezuela's energy sector. Attendees included representatives from Chevron, Exxon Mobil, and other companies, discussing ways to revive oil production that has been damaged due to neglected facilities and reduced investment. Trump revealed that Venezuela will release 50 million barrels of oil for sale to the U.S., with the proceeds benefiting both the American and Venezuelan people