Marathon Petroleum

MPC

Market cap $54.5B

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.

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.

President Donald Trump met Friday afternoon with more than a dozen oil companies at the White House to discuss plans for investment in Venezuela, less than a week after the U.S. ousted President Nicolas Maduro. Trump said oil companies will spend at least $100 billion to rebuild Venezuela's energy sector.

Trump: We will decide the oil companies that are allowed into Venezuela.

CNBC's Brian Sullivan reports on President Trump's commentary about Venezuela's oil industry during his meeting with oil executives at the White House.

The White House is summoning oil executives to discuss potential investment in Venezuela on Friday, and while a preliminary list of attendees features the big names of American oil - Chevron , Exxon Mobil and ConocoPhillips - it also includes several smaller independents and private equity-backed players.

President Donald Trump meets with major oil companies after successful military operation captured Venezuelan president Nicolás Maduro and wife Cilia Flores on narcotics charges.