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Chevron’s Venezuela Gamble: Why Trump’s Oil Plan Is Falling Apart!

It’s a standoff that pits shareholder caution against political ambition—and Chevron is right in the middle. Just weeks after the dramatic ouster of Nicolás Maduro, President Trump is urging U.S. oil companies to flood Venezuela with $100 billion in investment to rapidly reboot its shattered oil sector. Leading the charge, at least in theory, is Chevron—the only major U.S. player still operating in Venezuela. But there’s a catch: Chevron has zero appetite for risking capital under volatile conditions. Oil prices are low, legal uncertainties remain, and no one’s quite sure if Venezuela is truly “open for business” or just temporarily reopened under new management. Chevron’s top brass, including CEO Mike Wirth, are walking a tightrope. On one side is a president eager to slash domestic oil prices with an influx of cheap Venezuelan crude. On the other is a skeptical Wall Street watching Chevron’s every move.