{
  "id": 4767236,
  "title": "Trump: Exxon 'going in' as US pushes Venezuela oil deals",
  "url": "https://urgent.news/2026/09/01/trump-exxon-going-in-as-us-pushes-venezuela-oil-deals",
  "topic": "world",
  "section": "World",
  "published": "2026-09-01T02:11:39.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/world/world/2026/09/1523198/trump-exxon-going-us-pushes-venezuela-oil-deals"
  },
  "original_language": "en",
  "account": "US President Donald Trump announced on Monday that major US oil companies, including ExxonMobil, are set to enter the Venezuelan oil market. This move comes nearly two decades after Exxon withdrew from Venezuela following the nationalization of its assets. ExxonMobil currently operates the Stabroek Block in Guyana, which produces over 900,000 barrels of oil daily.\n\nTrump highlighted that several major oil companies, including Exxon, Chevron, and others, are in the process of making bids for opportunities in Venezuela. He also noted that the US is reclaiming millions of barrels of oil currently shipped to refineries in Texas and Louisiana.\n\nTrump credited US efforts to restart oil production in Venezuela, following the ousting of former President Nicolas Maduro in January. However, Exxon CEO Darren Woods had previously criticized Venezuela's lack of investment protections during a White House meeting in January, leading to Exxon's reluctance to invest.\n\nIn an upcoming deal in Caracas, Venezuelan and US officials will grant the US access to a fifth of Venezuela's crude reserves. Other oil firms, such as Chevron, GE Vernova, ONGC of India, Eni of Italy, and GeoPark of Colombia, are also expected to announce agreements for new or expanded projects in the South American country.\n\nExxon's potential return to Venezuela marks a significant shift in the country's oil landscape, potentially unlocking billions of dollars in revenue and impacting energy markets both domestically and globally.",
  "summary": "HOUSTON: US President Donald Trump said Monday that ExxonMobil, the largest US oil major, was among a group of companies planning to do business in Venezuela.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}