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Regime change in Venezuela could pave the way for the return of U.S. oil majors to the South American nation, which has the largest proven crude oil reserves in the world.
President Donald Trump called for U.S. oil companies to invest billions of dollars in Venezuela’s energy sector, hours after U.S. forces captured President Nicolas Maduro and his wife.
“We’re going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure,” Trump said in a press conference Saturday from his Mar-a-Lago residence in Palm Beach, Florida.
The oil majors have largely been silent since Maduro’s overthrow as the situation on the ground in Venezuela remains uncertain. But shares of Chevron
