Trump wants US taxpayers to reimburse oil firm donors for Venezuela investment
President Donald Trump stated that US taxpayers could reimburse oil companies for reconstructing Venezuelan infrastructure to extract and export oil following the ouster of Nicolás Maduro. Trump declared that “a tremendous amount of money” would be required and suggested his government would compensate energy firms through direct reimbursement or revenue sharing, explicitly linking military intervention to corporate profit.
US Energy Secretary Chris Wright is scheduled to meet executives from Chevron, ConocoPhillips, and ExxonMobil at a Goldman Sachs conference in Miami this week to discuss increasing Venezuelan oil production. These meetings represent the administration’s strategy to restore US oil company operations in Venezuela after nearly two decades of government control of the industry, contradicting Trump’s earlier claims that he had already held talks with “all” major US oil companies regarding Maduro’s removal.
Trump acknowledged no prior briefing of oil companies before military action but claimed companies were aware of discussions about intervention. When asked if he personally contacted top executives, Trump stated it was “too soon” to confirm direct conversations, saying “I speak to everybody,” despite Reuters reporting that no representatives from the three major firms had engaged with the White House on Venezuela operations before or after Maduro’s seizure.
Trump’s blockade announcement of Venezuelan oil tankers exposed the operation’s economic objectives beyond stated anti-drug rationales. Venezuela’s crude production has collapsed to approximately 1.1 million barrels daily from 3.5 million in 1999 due to underinvestment and sanctions, and industry analysts warn that reconstruction requires years of work and billions in investment amid political uncertainty and unclear US policy direction.
Stock markets responded immediately to Trump’s Venezuela initiative, with the S&P 500 energy index reaching its highest level since March 2025 on Monday, as ExxonMobil gained 2.2% and Chevron jumped 5.1%. The White House claimed US oil companies were “ready and willing” to make large investments to rebuild Venezuelan oil infrastructure, while the targeted companies declined to comment on their involvement or commitment to Trump’s stated plans.