President Trump, flanked by Vice President JD Vance, left, and Secretary of State Marco Rubio, leads a news conference during a meeting with oil executives Friday at the White House. President Trump’s new executive order on Venezuelan oil revenue is meant to ensure that the money remains protected from being used in judicial proceedings. Advertisement“If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable,” said Darren Woods, chief executive of ExxonMobil, the largest U.S. oil company, during a meeting convened by Trump with oil executives Friday. “I love the Venezuelan people, and am already making Venezuela rich and safe again,” Trump wrote on his social media site Saturday. !”The order says the oil revenue is property of Venezuela that is being held by the United States for “governmental and diplomatic purposes” and not subject to private claims.

Source: Los Angeles Times January 11, 2026 00:36 UTC