ConocoPhillips

ConocoPhillips, a major US oil company, is one of the firms being courted by the Trump administration to invest in Venezuela's oil sector. This follows a period of upheaval in Venezuela, including legislative changes aimed at attracting foreign investment and the removal of President Maduro. The company's potential involvement is newsworthy due to the significant geopolitical implications of US control over Venezuelan oil, and the economic uncertainties surrounding investment in the country. While Trump has promised 'total safety' for investors and anticipates substantial investment, industry experts and ExxonMobil's CEO have expressed caution, citing the need for legal and economic stability. ConocoPhillips' decision, along with other oil companies, will significantly impact the future of Venezuelan oil production and US influence in the region.