Chevron and ExxonMobil: The Next Big Players in Venezuela's Rebuilding Oil Industry?
ByAinvest
Thursday, Feb 5, 2026 9:12 pm ET1min read
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US President Donald Trump is courting Chevron and ExxonMobil to invest in Venezuela's oil industry. Venezuela has large oil reserves but under Nicolas Maduro's leadership, production declined. Trump wants to see the energy sector grow, and US companies are cautiously considering investment. Chevron already has assets in Venezuela and could benefit from increased production, while ExxonMobil is more conservative and wants to see political stability before investing.
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