Former President Trump discussed potential Venezuela energy sector opportunities with top U.S. oil executives in a private meeting.
Former President Donald Trump met with executives from Chevron and ExxonMobil on Tuesday to explore energy opportunities in Venezuela. The discussions focused on potential investments and sanctions relief tied to the country’s oil sector, according to sources familiar with the meeting.
Venezuela holds the world’s largest proven oil reserves, but U.S. sanctions have restricted foreign investment since 2019. Chevron currently operates under a limited license, while ExxonMobil has sought to re-enter the market amid shifting geopolitical dynamics.
No immediate policy changes were announced, but the meeting signals growing interest in Venezuela’s energy resources as global supply concerns persist.