American Energy Institute founder and CEO Jason Isaac discusses President Donald Trump’s push to lower oil prices and the role Venezuelan oil can play in ‘The Bottom Line.’
President Donald Trump will host a delegation of top oil officials at the White House to discuss investment in Venezuela following the military’s successful capture of the country’s president, Nicolás Maduro, and his wife over the weekend.
“Following the announcement of President Trump’s historic energy deal with Venezuela, American oil companies will come to the White House to discuss investment opportunities that will restore Venezuela’s oil infrastructure,” White House spokesperson Taylor Rogers told Fox News Digital Friday morning.
“The American people, energy companies, and the Venezuelan people will benefit greatly from this new, unprecedented investment in Venezuela’s oil infrastructure, thanks to President Trump.”
Fox News Digital found that major oil companies include Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp.
TRUMP WILL MEET VENEZUELA OIL OFFICIALS ON FRIDAY
A pump jack stands next to an oil spill at the Petroleos de Venezuela SA (PDVSA) facility in the Orinoco Belt of El Tigre, Venezuela. (Bloomberg/Getty/Getty Images)
Trump will be joined by several Cabinet members, including Secretary of State Marco Rubio, Energy Secretary Chris Wright and Interior Secretary Doug Burgum.
Trump announced a successful strike on Venezuela on Saturday morning in a military operation that did not kill any US military personnel, and led to the arrest of Maduro and his wife, Cilia Flores, on major drug charges. The couple were transported to New York City and pleaded not guilty during their arraignment on Monday.
MADURO’S REMOVAL COULD RETURN YEARS OF ECONOMIC CONDITIONS TO VENEZUELA.
They are being held at the Metropolitan Detention Center in Brooklyn, New York.
President Donald Trump in the Oval Office of the White House on December 15, 2025, in Washington, DC. (Photos by Anna Moneymaker/Getty Images)
Venezuela is an oil-rich country, and Trump announced shortly after the operation that the US would “manage” the South American country, without going into detail about what that would entail.
He announced on social media on Tuesday that Venezuela’s oil will be available soon repented in the US, including “between 30 and 50 MILLION Barrels of High Quality, Approved Oil, to the United States of America.”
MADURO’S TRANSIT BREAKS CUBA’S OIL-RICH ECONOMY
“This Oil will be sold at its Market Price, and that money will be controlled by me, as the President of the United States of America, to ensure that it is used for the benefit of the people of Venezuela and the United States! I have asked the Secretary of Energy Chris Wright to implement this plan, immediately. It will be taken by storage ships, and brought directly to the unloading docks in the United States,” wrote Trump.
He added that with the deal, “Venezuela will ONLY buy American Made Products, with the money they get from our new Oil Deal.”
Venezuelan leader Nicolás Maduro and his wife are being held in New York City, where they will face trial on multiple charges. (Matias Delacroix/Getty Images/Getty)
Trump said The New York Times On Wednesday in a long discussion he expected the US to exploit Venezuela and extract oil from its reserves for years.
Chevron is currently the only US oil company operating in Venezuela, Fox Business previously reported, while ConocoPhillips and ExxonMobil operated in the country before the state nationalized their assets.
Oil leaders are expected to discuss plans to invest in Venezuela to increase oil production in the country.
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Fox Business’ Eric Revell contributed to this report.
