U.S. Oil Giants and Trump’s Venezuela Strategy

U.S. oil giants expressed cautious interest in investing in Venezuela's oil sector during a meeting with President Trump, emphasizing the need for legal and security assurances, while highlighting the challenges posed by Venezuela's current investment climate and sanctions. Despite some signals of willingness, major companies like Exxon and ConocoPhillips remain cautious, citing the need for significant reforms and restructuring before committing to large investments, as the U.S. government explores ways to revive Venezuela's oil industry.