Published by Global Banking & Finance Review®
Posted on January 9, 2026
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleThe White House meets with major oil companies to discuss investment in Venezuela's energy sector, aiming to boost crude output amid sanctions.
By Jarrett Renshaw
Jan 9 (Reuters) - The White House is convening a meeting on Friday with major U.S. and international oil companies to discuss potential investment in Venezuela’s energy sector, as the administration weighs ways to revive crude output in the sanctions-hit country, according to a White House official.
The companies include producers, refiners, traders and oilfield services firms with past or potential exposure to Venezuela. Also attending are Secretary of State Marco Rubio, Energy Secretary Chris Wright and Interior Secretary Doug Burgum, the White House official said.
Here is a list of companies expected to attend, according to a White House official.
- Chevron Corp
- Exxon Mobil
- ConocoPhillips
- Continental Resources
- Halliburton
- HKN Inc.
- Valero Energy Corp
- Marathon Petroleum Corp
- Shell
- Trafigura
- Vitol Americas
- Repsol
- Eni
- Aspect Holdings
- Tallgrass Energy
- Raisa Energy
- Hilcorp Energy
(Reporting by Jarrett Renshaw; Editing by Nia Williams)
Investment refers to the allocation of resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
The energy sector encompasses the production and distribution of energy, including oil, gas, and renewable sources. It plays a crucial role in the global economy and energy supply.
Oil majors are large multinational companies involved in the exploration, extraction, refining, and distribution of oil and gas. Examples include Chevron, ExxonMobil, and Shell.
Crude oil is a natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. It is a primary source of energy and raw material for various products.
Sanctions are restrictive measures imposed by countries or international organizations to influence or punish nations, groups, or individuals. They can include trade restrictions, financial penalties, or diplomatic isolation.
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