The Trump administration intends to meet with U.S. oil company CEOs later this week to discuss potentially increasing Venezuelan oil output after U.S. forces captured Nicolas Maduro, Reuters’ Jarrett Renshaw and Sheila Dang report, citing a source familiar with the matter. The meetings are central to the White House’s hopes of getting top U.S. oil firms back into Venezuela after its government nearly two decades ago assumed control of U.S.-energy operations in the country, the authors note. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- BP downgraded to In Line from Outperform at Evercore ISI
- TechnipFMC awarded iEPCI contract for BP’s Tiber development
- BP call volume above normal and directionally bullish
- Trump Trade: Trump says U.S. oil companies to be ‘very involved’ in Venezuela
- Trump says U.S. oil companies will be ‘very much involved’ in Venezuela
