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.
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.
Marathon is interested in bidding for Venezuelan crude oil,, the company told Reuters on Thursday, as the U.S. administration prepares to start raising imports of oil from the South American country after the ouster of its president Nicholas Maduro on January 3.
The largest oil companies are likely to move slower in terms of making investments in Venezuela, with wildcatters or independent oil companies likely to move much more quickly, U.S. Treasury Secretary Scott Bessent said on Thursday.
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