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HUGE! American Oil Giants ‘PULL BACK’ From Trump’s $100,000,000,000 Venezuela Dream Project

| Jan 11, 2026, 10:37:10 AM | TOI.in
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US President Donald Trump’s bold Venezuela oil takeover pitch is running into stiff resistance from America’s biggest oil giants. Even as Trump promises “total safety” and pushes a $100-billion rebuild plan, major U.S. companies remain deeply skeptical about returning to Venezuela’s battered energy sector. Chevron — the only U.S. oil firm still operating in Venezuela — has raised alarms over safety, sanctions compliance, and the rule of law. Exxon and ConocoPhillips called Venezuela “un-investable,” citing past asset seizures under Hugo Chávez and years of political instability. Setback to Trump who is promising to rebuild Venezuela’s oil infrastructure, boost production to record levels, and place U.S. companies at the center of the world’s largest oil reserves. Watch this video to know more.

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