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Trump Says US Oil Companies to Spend Billions in Venezuela

Posted

January 5, 2026

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The US conducted airstrikes in Venezuela on Saturday morning, resulting in the capture of Venezuelan President Nicolás Maduro.

The US will “run Venezuela” until a safe and judicious transition is possible, President Donald Trump told reporters following the airstrikes.

Maduro is being transported to New York, where he will stand trial on narco-terrorism conspiracy and drug trafficking charges.

US oil companies will spend “billions of dollars” to fix Venezuelan infrastructure, according to Trump, who also said he’s not afraid of “boots on the ground” if necessary.

María Corina Machado said the Venezuelan opposition is ready to assume power; separately, Trump said Machado lacks the support or respect to lead the country.

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Trump Says US Oil Companies to Spend Billions in Venezuela · Bloomberg News · Sentinel