Trump Announces Agreement with Venezuela to Increase Oil Production

President Trump announces an agreement with Venezuela to secure majority U.S. co·Latest event August 28, 2026

9 hours ago

Trump Announces Agreement with Venezuela to Increase Oil Production

The deal follows months of negotiations where Chevron sought to expand operations at heavy oil sites in Venezuela. Trump characterized the arrangement as the biggest oil deal in world history on Friday night. Reports indicate the energy firm is investing billions of dollars to increase production capacity. Trump shared breaking news of the agreement shortly after the reports surfaced.

Trump announces oil deal with VenezuelaTrump shares breaking news of agreementChevron Nears Deal to Expand in Venezuela, WSJ Says

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Chevron Nears Deal to Expand in Venezuela, WSJ Says

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