Big bets, bigger risks: Why US oil majors are holding back in Venezuela
- Posted on July 30, 2026
- By Business News Today
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- 1 min read
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Big bets, bigger risks: Why US oil majors are holding back in Venezuela
US oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to attractive fields, which remains unresolved. Washington encouraged investment to boost crude output amid global supply concerns. Legal uncertainty and past nationalizations deter major companies from new capital. Smaller producers are now being considered to revive production more quickly.
