Exxon, Conoco’s Venezuela claims not immediate priority: Energy Secretary
The debts that Venezuela owes ConocoPhillips and ExxonMobil are not an immediate priority for the Trump administration after the overthrow of President Nicolas Maduro, Energy Secretary Chris Wright told CNBC on Wednesday. “The huge debts that are owed Conoco and Exxon, those are very real and need to be recompensed Continue Reading
Trump reserves right to use military to secure oil interests in Venezuela
President Donald Trump prepares to depart for the Army/Navy football game in Baltimore, at the White House in Washington, Dec. 13, 2025. Aaron Schwartz | Reuters President Donald Trump reserves the right to use military force to secure oil interests in Venezuela, White House press secretary Karoline Leavitt said Wednesday. Continue Reading
Watch Energy Secretary Chris Wright answer questions about Venezuela
[The stream is slated to start at 8:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Energy Secretary Chris Wright is scheduled to speak publicly for the first time since the U.S. removed Venezuelan President Nicolas Maduro from power. Wright will Continue Reading
Oil sales from Venezuela to continue indefinitely and U.S. sanctions will be reduced, sources say
Oil sales from Venezuela will continue indefinitely and U.S. sanctions against Caracas will be selectively rolled back, sources close to the White House told CNBC’s Brian Sullivan on Wednesday. President Donald Trump said Tuesday that Venezuela will turn over 30 million to 50 million barrels of sanctioned oil, which will Continue Reading
Indian state refiners are still buying Russian oil despite Trump’s tariff threat
An oil refinery, operated by Bharat Petroleum Corp., in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images State-owned refiners in India are still buying Russian oil, even as New Delhi seeks relief from U.S. tariffs imposed for those purchases, according to energy analysts. The U.S. imposed a “secondary” 25% Continue Reading
Greenland PM brushes off US takeover fears after Trump renews interest
Greenland’s Head of Government Jens-Frederik Nielsen addresses a press conference in Nuuk, Greenland, on January 5, 2026. Any US attack on a NATO ally would be the end of “everything”, Denmark’s prime minister warned on January 5, 2026, after US President Donald Trump repeated his desire to annex Greenland. Oscar Continue Reading
Market sees Chevron the big Venezuela winner. But oil majors face a long road
A Chevron gas station in San Francisco, Oct. 28, 2025. Jason Henry | Bloomberg | Getty Images President Donald Trump’s call for U.S. oil companies to rebuild Venezuela’s energy sector after the overthrow of President Nicolás Maduro is easier said than done. Chevron holds the advantage as the only major Continue Reading
Trump administration has spoken to multiple oil companies about Venezuela
President Donald Trump, alongside, from left, Deputy Chief of Staff Stephen Miller, CIA Director John Ratcliffe, Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and Chairman of the Joint Chiefs of Staff Gen. Dan Caine, speaks to the press following U.S. military actions in Venezuela, at his Mar-a-Lago Continue Reading
Maduro overthrow could pave way for U.S. oil companies to recover assets
Regime change in Venezuela could pave the way for the return of U.S. oil majors to the South American nation, which has the largest proven crude oil reserves in the world. President Donald Trump called for U.S. oil companies to invest billions of dollars in Venezuela’s energy sector, hours after Continue Reading
Chevron, Exxon shares in focus after US intervention in Venezuela
The Chevron logo is seen at a gas station on July 18, 2025 in Austin, Texas. Brandon Bell | Getty Images Shares of U.S. oil companies soared in premarket trade on Monday, as investors scrutinize the fallout from the Trump administration’s surprise military operation in Venezuela. Chevron shares rose 8.4% Continue Reading