ConocoPhillips

COP

Market cap $124B

ConocoPhillips hit probable gas in all three Waarre reservoirs at the Charlemont-1 well, delivering encouraging early results despite high-pressure delays.

Alex Cranberg, a self-described wildcatter, says he wants U.S. companies to be “bold but smart” in the region.

Venezuela has the largest reserve of crude oil in the world. With Nicolás Maduro no longer in charge, President Donald Trump wants U.S. oil companies to go into Venezuela and revitalize the struggling oil industry.

Oil prices fell well below $60 per barrel recently before rallying back above that key level this week, initially driven lower by oversupply and weak demand.

ConocoPhillips (COP) reached $95.5 at the closing of the latest trading day, reflecting a -2.06% change compared to its last close.

The removal of Maduro and potential U.S. involvement could revamp Venezuela's struggling oil sector, making it easier for U.S. oil companies to do business in the country. Venezuela is believed to have around 300 billion barrels of oil reserves.

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.

Country is ‘uninvestable' today, president told, but CEOs signal they are ready to spend with support

Exxon's CEO says the South American country is currently ‘uninvestable' and plans to send a technical team to assess the situation.

Market Domination anchor Josh Lipton breaks down the latest market news for January 9, 2026. President Trump met with oil executives at the White House on Friday in an attempt to secure $100 billion in investments into reviving Venezuela's oil industry.