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Trump to Host Venezuela Oil Summit with Major Executives

1/9/2026

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Summary

Story summary

U.S. President Donald Trump will host a January 9, 2026 summit to discuss redevelopment of Venezuela's oil sector after Nicolás Maduro's capture.
Executives from ExxonMobil and Chevron will attend.
The administration aims to formalize a plan for U.S. companies to invest billions in Venezuela's energy infrastructure.
Estimates range from $53 billion to $183 billion.
The United States plans to oversee Venezuelan oil sales indefinitely.

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Story summary

U.S. President Donald Trump will host a January 9, 2026 summit to discuss redevelopment of Venezuela's oil sector after Nicolás Maduro's capture.
Executives from ExxonMobil and Chevron will attend.
The administration aims to formalize a plan for U.S. companies to invest billions in Venezuela's energy infrastructure.
Estimates range from $53 billion to $183 billion.
The United States plans to oversee Venezuelan oil sales indefinitely.