Donald Trump now says he wants American companies to take over Venezuelan fields in order to extract and sell resources.

The president spoke to Fox News by phone hours after he announced the U.S. had captured the president of the oil-rich South American country.

U.S. oil companies will invest billions of dollars in Venezuela's energy sector after the overthrow of Nicolas Maduro, President Donald Trump said.

'We're going to run the country until such time as we can do a safe, proper and judicious transition,' Donald Trump said at a press conference following the capture of President…

The president, who claimed to oppose involvement in “nation building,” also said the U.S. would “run” Venezuela for an indefinite period.

“Nuestras grandes compañías, las más grandes del mundo, invertirán miles de millones para reparar la infraestructura petrolera”, dice Trump

"We have tremendous energy in that country. It's very important that we protect it. We need that for ourselves."

Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to…

Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to…

US president claims US will take back oil stolen from it by Venezuela, but experts say no legal claim to natural reserves exists

The US president believes that the ousting of Venezuelan head of state Nicolas Maduro paves the way for the return of American oil majors to a country that holds the world's…

Donald Trump has said that American oil firms will invest billions to produce oil in Venezuela.

Donald Trump now says he wants American companies to take over Venezuelan fields in order to extract and sell resources.

NEWS ANALYSIS. The strikes against drug trafficking vessels concealed a broader offensive: Oil and Russian and Chinese influence in Caracas took precedence over the actual flows…

Exploiting Latin American country's reserves faces obstacles from decrepit infrastructure to leadership uncertainty.

Shares of U.S. oil majors are rising as investors bet that they will cash in after the military action that ousted Venezuelan President Nicolas Maduro.

The White House official did not say which companies the administration has spoken to or when the conversations took place.

“I don't think any large U.S. major company is going to want to invest without a series of guarantees,” one historian of Venezuela said.

Industry insiders say US oil companies want to ‘avoid getting screwed’ and will proceed with extreme caution

Trump's announcement came days after U.S. forces attacked Venezuela and captured its leader, Nicolas Maduro, to be prosecuted on drug-trafficking charges.

Trump touts large US oil investments in Venezuela’s industry, but firms remain cautious amid low prices and instability.