ExxonMobil and ConocoPhillips are evaluating potential investments in Venezuela, while Donald Trump struggles to convince companies to invest in the deal.
1 report, 1 independent
Updated Aug 17
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What happened
ExxonMobil and ConocoPhillips are evaluating potential investments in Venezuela, while Donald Trump struggles to convince companies to invest in the deal.
Who's involved
What this event is mainly aboutKeep exploring
Part of
NABEP, controlled by Alejandro Betancourt, is involved in a potential oil deal in Venezuela that includes ExxonMobil, ConocoPhillips, and a U.S. government equity stake.Also in this story
- Rystad Energy evaluates the viability of ambitious oil production growth, leading NABEP to seek major oil investments in the Venezuelan sector.
- A company founded by Alejandro Betancourt is gaining oil concessions following political meetings.
- The US announced an oil deal with Venezuela, with Francisco Rodríguez analyzing the terms of the concession.
The entities involved
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ExxonMobil
American multinational oil and gas corporation
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ConocoPhillips
American oil and gas company
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Alejandro Betancourt
Venezuelan businessman
Nothing else this week.
Related events
- A proposed deal, announced on January 5, 2026, targets Venezuelan oil reserves involving Alejandro Betancourt and Donald Trump.
- Trump's leadership is credited with driving the U.S. oil and gas strategy, which involves leveraging ExxonMobil in the Corpus Christi area.
- Adam Kinzinger alleges that Alejandro Betancourt is involved in an oil deal.
- Trump demands Big Oil return windfall profits as ExxonMobil profits inflate due to Iran war prices.