Trump Vows US Oil Giants Will Rebuild Venezuela’s Sector

President Donald Trump announced on Saturday that major American oil companies will invest billions to revive Venezuela’s dilapidated oil infrastructure, following a US military strike that captured President Nicolás Maduro and his wife.

Trump stated the companies would “fix the badly broken infrastructure” and extract “a tremendous amount of wealth” from the country’s vast reserves, the world’s largest at over 300 billion barrels.

The operation, which involved airstrikes on Caracas and a special forces raid, removed Maduro amid longstanding US accusations of narco-terrorism. Trump said the US would temporarily “run” Venezuela to facilitate a transition and ensure revenues benefit a new government while compensating firms previously expropriated.

US Oil Giants

Chevron, the only remaining US operator in Venezuela, pledged compliance with laws but offered no expansion details. Industry experts cautioned that restoring production to pre-crisis levels could require $100 billion and years of investment, given decades of mismanagement and sanctions that slashed output to around 900,000 barrels daily.

Analysts warned the move risks global backlash, evoking past interventions in oil-rich nations, and could reshape energy markets if Venezuelan heavy crude floods Gulf refineries. Oil prices remained stable amid abundant supplies, with any surge likely delayed.

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