Trump Pushes U.S. Oil Firms to Re-enter Venezuela's Vast Reserves
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 04 2026- Shift to Energy Interests: Trump stated that U.S. oil companies would invest billions to repair Venezuela's oil infrastructure, aiming to tap into the country's over 300 billion barrels of oil reserves, although current market demand for more oil is limited.
- Chevron's Unique Position: As the only major American oil company operating in Venezuela, Chevron accounts for one-third of the country's daily production of 900,000 barrels, facing significant challenges in ensuring employee safety and protecting its assets.
- Investment Risk Assessment: Other large oil corporations must carefully evaluate the risks of re-entering Venezuela, especially given the country's history of seizing foreign oil properties, which led to the exit of ConocoPhillips and Exxon Mobil in 2007.
- Rebuilding Challenges: Economists highlight that restarting Venezuela's energy sector requires a comprehensive economic recovery plan, addressing approximately $160 billion in debt, and changing domestic laws to attract foreign investment, ensuring companies can operate without government interference.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
