Story perspectives

U.S. Negotiates Oil Revival in Venezuela Amid Challenges

1/24/2026

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Summary

Story summary

The United States is negotiating with Chevron Corporation and oilfield service companies to revive Venezuela's oil production, aiming to boost output by several hundred thousand barrels per day with limited investment.
Schlumberger (SLB) and Halliburton are ready to mobilize quickly, pending licenses and safety measures.
U.S. President Donald Trump sees this as a path to stabilize oil prices.
Political stability and safety concerns in Venezuela remain significant challenges.

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Story summary

The United States is negotiating with Chevron Corporation and oilfield service companies to revive Venezuela's oil production, aiming to boost output by several hundred thousand barrels per day with limited investment.
Schlumberger (SLB) and Halliburton are ready to mobilize quickly, pending licenses and safety measures.
U.S. President Donald Trump sees this as a path to stabilize oil prices.
Political stability and safety concerns in Venezuela remain significant challenges.