President Donald Trump convened top U.S. oil executives at the White House, urging the industry to commit at least $100 billion in private capital to rebuild Venezuela’s oil industry and infrastructure after the recent political upheaval.
ExxonMobil’s CEO called Venezuela “uninvestable” without major reforms and stronger legal protections.
Other leaders said they were open to exploring opportunities but flagged political risk, history of asset seizures, and unclear commercial frameworks.