ConocoPhillips Aktie News

The removal of Maduro and potential U.S. involvement could revamp Venezuela's struggling oil sector, making it easier for U.S. oil companies to do business in the country. Venezuela is believed to have around 300 billion barrels of oil reserves.

The CEOs ExxonMobil and ConocoPhillips told President Donald Trump that Venezuela will need big changes to attract investment. Exxon CEO Darren Woods said Venezuela is "uninvestable" in the country's current state.

Country is ‘uninvestable' today, president told, but CEOs signal they are ready to spend with support

Exxon's CEO says the South American country is currently ‘uninvestable' and plans to send a technical team to assess the situation.

U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home.

The White House is summoning oil executives to discuss potential investment in Venezuela on Friday, and while a preliminary list of attendees features the big names of American oil - Chevron , Exxon Mobil and ConocoPhillips - it also includes several smaller independents and private equity-backed players.

President Donald Trump meets with major oil companies after successful military operation captured Venezuelan president Nicolás Maduro and wife Cilia Flores on narcotics charges.

ConocoPhillips said on Thursday its Chairman and CEO Ryan Lance will attend a White House meeting on Friday and that it was monitoring developments in Venezuela and their "potential implications for global energy supply and stability."