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The Guardian - US
The Guardian - US
World
Guardian staff

Trump news at a glance: president pitches oil companies on major extractions in Venezuela

Donald Trump shows off his new
Donald Trump shows off his new "Happy Trump" lapel pin as he hosts the leaders of nearly two dozen oil companies in the White House East Room to discuss Venezuela on 9 January 2026. Photograph: Andrew Leyden/ZUMA Press Wire/Shutterstock

Donald Trump had a message for fossil-fuel companies on Friday: Venezuela is now “open for business” as the US president vowed the country’s resources would be extracted for the benefit of the US, oil companies – and “some” money for Venezuelans.

At a roundtable press conference at the White House with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhillips, the US president doubled down on claims that Nicolás Maduro’s arrest presents American oil companies with an unprecedented opportunity for extraction.

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