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ExxonMobil CEO Darren Woods, far right, listens as U.S. President Donald Trump,left, speaks during a meeting with oil company executives in the East Room of the White House on Jan. 9. President Trump is aiming to convince oil executives to support his plans in Venezuela, a country whose energy resources he says he expects to control for years to come. US forces seized Venezuelan president Nicolas Maduro in a sweeping military operation on January 3, with Trump making no secret that control of Venezuela's oil was at the heart of his actions.
Energy
Exxon and Chevron decline new spending in Venezuela while taking a wait-and-see approach for the years ahead
By Jordan BlumJanuary 30, 2026
U.S. President Donald Trump speaks to the press aboard Air Force One on January 11, 2026. Trump said Sunday his administration was working well with Venezuela's interim leader Delcy Rodriguez and that he would be open to meeting with her.
Energy
American oil company CEOs feel increasingly ‘slighted’ by Trump’s focus on Venezuela: ‘That’s bad for U.S. producers’
By Jordan BlumJanuary 23, 2026
WASHINGTON, DC - JANUARY 16: President Donald Trump speaks to reporters on the South Lawn before boarding Marine One at the White House on January 16, 2026 in Washington, DC. The President is expected to travel to
Politics
Trump’s TACO ‘solution’ to Greenland crisis: Backing off his 10% tariff threats against Western Europe
By Eva RoytburgJanuary 21, 2026
Exxon Mobil CEO Darren Woods, seated to the right, listens as U.S. President Donald Trump, left, speaks during a meeting with oil company executives in the East Room of the White House in Washington, DC on Jan. 9, 2026. President Trump is aiming to convince oil executives to support his plans in Venezuela, a country whose energy resources he says he expects to control for years to come. U.S. forces seized Venezuelan president Nicolas Maduro in a sweeping military operation on Jan. 3, with Trump making no secret that control of Venezuela's oil was at the heart of his actions.
Energy
Trump threatens to keep ‘too cute’ Exxon out of Venezuela after CEO provides reality check on ‘uninvestable’ industry
By Jordan BlumJanuary 12, 2026
Secretary of State Marco Rubio looks on as US President Donald Trump speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida.
Energy
Trump pushes for $100 billion in oil investments in Venezuela while Exxon and others say it’s currently ‘uninvestable’ without major reforms
By Jordan BlumJanuary 9, 2026
Donald Trump speaks behind a podium with Marco Rubio frowning in the background.
Energy
‘What we call corruption’: Harvard economist and former Venezuelan minister says Trump’s oil profit motives have no place in Venezuela’s future
By Sasha RogelbergJanuary 9, 2026
A refinery owned by Citgo, a subsidiary of PDVSA, the Venezuelan state owned oil company, sits along the I&M Canal on May 15, 2019 in Lemont, Illinois.
Energy
Paul Singer’s Elliott Management is one of the big winners in Venezuela’s forced sale of Citgo and the toppling of Maduro
By Jordan BlumJanuary 9, 2026
US President Donald Trump, alongside Deputy Chief of Staff Stephen Miller, Secretary of State Marco Rubio, and US Secretary of Defense Pete Hegseth, speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida, on January 3, 2026. President Trump said Saturday that US forces had captured Venezuelan leader Nicolas Maduro after launching a "large scale strike" on the South American country.
Energy
The U.S. naval blockade of Venezuela has cost $700 million already—and is rising by $9 million daily
By Jordan BlumJanuary 8, 2026
US President Donald Trump, alongside Deputy Chief of Staff Stephen Miller, Secretary of State Marco Rubio, and U.S. Secretary of Defense Pete Hegseth, speaks to the press following US military actions in Venezuela, at his Mar-a-Lago residence in Palm Beach, Florida, on Jan. 3. Trump said U.S. forces had captured Venezuelan leader Nicolas Maduro after launching a "large scale strike" on the South American country.
Energy
President Trump stands ready to send U.S. Big Oil into Venezuela en masse, but the messy reality of rebuilding a ruined industry takes many years
By Jordan BlumJanuary 6, 2026
Rubio, Trump
Energy
Trump’s strike on Venezuela gives the U.S. 30% of the world’s oil reserves on paper and a $100 billion rebuilding job in reality
By Sasha Rogelberg and Nick LichtenbergJanuary 5, 2026
Woodside Energy CEO Meg O'Neill speaks while seated on the sidelines of an energy conference.
Newsletters
Big Oil gets its first female CEO as women quietly rise to the top of the energy industry
By Emma HinchliffeDecember 18, 2025
Woodside Energy CEO Meg O'Neill speaks while seated on the sidelines of an energy conference.
Energy
Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant
By Jordan BlumDecember 17, 2025
CARACAS, VENEZUELA - A member of the Bolivarian National Armed Forces holds an "Igla-S" rocket launcher during a military ceremony commemorating the 200th anniversary of the presentation of the 'Sword of Peru' to Venezuelan independence hero Simón Bolívar on November 25, 2025, in Caracas, Venezuela. The United States recently designated the "Cartel De Los Soles" (Cartel of The Suns) as a foreign terrorist organization, a group allegedly led by the president of Venezuela, Nicolas Maduro, and which, it is presumed, includes high-ranking members of the Venezuelan government.
Energy
Everything the Trump administration is doing in Venezuela involves oil and regime change—even if the White House won’t admit it
By Jordan BlumDecember 14, 2025
Canadian Prime Minister Mark Carney stands and speaks at a podium
Energy
Mark Carney says Canada’s trading relationship with the U.S. was ‘once a strength,’ but ‘now a weakness’
By Rob Gillies and The Associated PressNovember 27, 2025
President Donald Trump and Saudi Crown Prince Mohammed bin Salman gesture as they meet delegations at the Royal Palace in Riyadh, Saudi Arabia, May 13, 2025.
Politics
Trump expected to treat Saudi crown prince as a full ally, with multibillion-dollar deals on F-35s and AI infrastructure
By Aamer Madhani and The Associated PressNovember 18, 2025
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