Trump meets US oil bosses to discuss Venezuela extraction

In January 2026, President Donald Trump met with US oil executives at the White House to discuss oil extraction in Venezuela. The meeting occurred less than a week after the US abduction of Venezuela's president. During the meeting, Trump stated that his administration would determine which oil companies would be permitted to operate in Venezuela. The purpose of the meeting was to address the future of US oil company involvement in Venezuelan oil extraction following the recent US action. The decision on which companies can operate there will be made by the US government.