Summary
President Donald Trump is meeting with executives from both large and small U.S. oil companies to discuss possible investment in Venezuelan oil. The meeting includes major firms like Chevron and Exxon Mobil, as well as smaller independents that mostly operate in the United States.
Key Facts
- President Trump is hosting a meeting about investing in Venezuelan oil.
- Companies invited include large oil firms (Chevron, Exxon Mobil) and smaller independents.
- The meeting is scheduled for Friday at 2:30pm (19:30 GMT).
- Smaller companies usually operate within the U.S. and may not have much experience in Venezuela.
- Some companies, like Continental Resources, have notable size and history.
- Oil production varies greatly in different U.S. regions, with states like Texas producing much more than Colorado.
- Raisa Energy, a company involved, is based in Denver and has investments backed by major funds.
- Smaller companies can adapt quickly and drill wells at lower costs compared to larger firms.
