Trump administration did not consult US oil majors on Venezuela, oil executives say, meetings now planned
President Trump stated he spoke with US oil firms about Venezuela before and after Nicolas Maduro's capture. However, oil executives deny any prior consultations. Meetings are now scheduled for later this week. Revitalizing Venezuela's oil sector presents challenges. Only Chevron currently operates there, while Exxon and ConocoPhillips had projects nationalized previously. Future investment hinges on infrastructure and political stability.