Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

<p>Country is ‘uninvestable’ today, president told, but CEOs signal they are ready to spend with support</p><p><a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a> promised oil giants “total safety, total security” in <a href="https://www.theguardian.com/world/venezuela">Venezuela</a> in an effort to persuade them to invest $100bn in the country’s infrastructure after US forces toppled <a href="https://www.theguardian.com/world/nicolas-maduro">Nicolás Maduro</a> from power.</p><p>At a roundtable press conference at the White House on Friday afternoon with more than a dozen <a href="https://www.theguardian.com/business/oil">oil</a> executives, including leaders from Chevron, ExxonMobil and ConocoPhilips, the US president doubled down on claims that Maduro’s arrest presents American oil companies with an unprecedented opportunity for extraction.</p> <a href="https://www.theguardian.com/us-news/2026/jan/09/trump-oil-company-executives-meeting-venezuela">Continue reading...</a>