How Trump’s Venezuela Oil Deal Gives the US Direct Control

While Venezuela isn’t the powerhouse oil producer it used to be, the country nonetheless has some of the world’s largest oil reserves. When the US seized then-Venezuelan President Nicolás Maduro on Jan. 3, US President Donald Trump was clear that the raid was as much about oil as it was about the narco-terrorism and dr

Chevron is the only major U.S. oil company still operating in Venezuela, nearly two decades after the country’s oil industry was nationalized.

September 01, 2026 2:50 PM ET Oil giant Chevron is expected to expand its operations in Venezuela as the Trump administration deepens its push into the country’s vast oil sector, a U.S. official told the Associated Press on Tuesday.Chevron officials and Energy Secretary Chris Wright are expected to travel to Venezuela

Trump cuts deal with Venezuela to control 65B barrels of oil  CNN

President Donald Trump says Venezuela has agreed to give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost

President Trump announced a deal to have majority control of more than 60 billion barrels of proven Venezuelan oil reserves. Amy Jaffe, the director of the Global Energy, Climate, and Sustainability Lab at New York University, joins CBS News with more.

President Donald Trump says Venezuela has agreed to give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost

President Trump is touting a new deal for the U.S. to access Venezuelan oil fields. Trump says it's a major boon for the American people, but it's unclear when they'll see the benefits.

US President Donald Trump announced Friday that the US had secured majority control over more than 65 billion barrels of Venezuela’s oil reserves, expanding Washington’s influence over the country’s energy industry.

Trump’s Venezuela oil deal gives the US majority control of major reserves, while Venezuela targets 1.5 million barrels a day and $209b in annual revenue.

Venezuelan interim president says the unusual agreement will help revive her country's economy.

The Trump administration is touting the oil deal with Venezuela as a way to lower gasoline prices, which have been elevated since the Iran war broke out.

US President Donald Trump on Friday said his administration has reached a major oil deal with Venezuela that gives the US majority control of 65 billion barrels of proven petroleum reserves. The deal — which Trump called “the biggest oil deal in world history” — would bring about US$100 billion in private investment to

Trump Says US Will Control 65bn Barrels of Venezuelan Oil | Dawn News English  Dawn

Trump claims US will take control of 65bn barrels of Venezuelan oil  thenationalnews.com

Trump announced an unprecedented oil agreement giving the US majority control over 65 billion barrels of Venezuelan reserves as Washington seeks to lower fuel prices.

The president says the countries’ joint venture will lower petrol prices for Americans

President Donald Trump said the U.S. reached a deal with Venezuela to secure a stake in more than 65 billion barrels of the country's oil reserves.

Donald Trump says the US has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.

U.S. President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country's oil reserves.