The complex political situation in Venezuela could harm new investments and will likely keep big oil on the sidelines while the new Venezuelan oil power players emerge.

The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.

The Trump administration is counting on Big Oil to revive Venezuela's creaky energy sector. That's no sure bet, according to industry experts.

Major oil companies are uninterested in making significant investments in Venezuela, Treasury Secretary Scott Bessent said Thursday, casting doubt on President Donald Trump’s aspirations that they’ll join the U.S. government’s effort to revive Venezuela’s oil industry.

Donald Trump is meeting top oil executives on Friday in an attempt to win commitments to invest at least $100bn to help rebuild and tap Venezuela’s oil resources despite concerns over security and political instability.

Economists say the U.S. selling Venezuela’s backlogged crude supply could help bring the country out of the shadows.

President Donald Trump is courting Big Oil on a risky overseas energy play as Energy Secretary Chris Wright quietly tests industry appetite for a massive Venezuela revival.

Chevron shares were among the big gainers on Monday as investors gauged the impact of U.S. actions against Venezuela, including the capture of Nicolás Maduro.