17 hours ago · Are American oil companies already operating in Venezuela, and does the U.S. restrict the country's oil industry?

20 hours ago · The United States will "get the oil flowing the way it should be" in Venezuela with the help of oil companies, President Donald Trump said in a news conference after U.S. forces snatched …

Yes — Venezuela has nationalized its oil industry in multiple waves and directly expropriated assets operated by U.S. firms, from the wholesale state takeover in the 1970s to targeted seizures under …

20 hours ago · What would U.S. control of the country’s oil production mean? In theory, if U.S. oil companies were given a free hand in Venezuela, they could help gradually turn the industry around.

20 hours ago · Trump says American oil companies will rebuild the Venezuelan industry and take a "tremendous amount of wealth out of the ground."

21 hours ago · Trump pledged a U.S. return to Venezuela's oil industry after Maduro's capture, vowing American companies will rebuild infrastructure and reclaim assets.

23 hours ago · A Petroleos de Venezuela SA (PDVSA) oil pumpjack on Lake Maracaibo in Venezuela in 2023. Photo: Gaby Oraa/Bloomberg via Getty Images President Trump said Saturday that the U.S. …

1 day ago · He also sketched a plan to send U.S. oil companies to take over Venezuelan oil operations, but offered few concrete details.

Dec 20, 2025 · The government of the oil-rich nation took control of its petroleum industry in 1976, nationalizing hundreds of private businesses and foreign-owned assets.

22 hours ago · U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations that reshaped the country's oil industry.