Trump Claims US Oil Firms Will “Revive” Venezuela

January 6, 2026 - Hip Hop
Petroleum of Venezuela - PDVSA - Photo Illustration
Source: NurPhoto / Getty

After a raid by United States special forces captured Venezuelan President Nicolas Maduro and his wife last Saturday (Jan. 3), President Donald Trump stated that U.S.-based oil giants ExxonMobil, ConocoPhillips and Chevron are poised to pour billions into efforts to “revive” the country’s oil infrastructure and “start making money for the country.” Analysts noted that he barely mentioned drugs as a reason for the raid at a press conference.

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