Trump Action Archive

Supporting reports

• Trump meets with oil executives and promises "total safety" for Venezuela investments — President Trump held a White House roundtable with oil industry executives from Chevron, ExxonMobil, and ConocoPhillips on Friday, promising "total safety, total security" to persuade them to invest $100 billion in Venezuela's infrastructure following the toppling of Nicolás Maduro. Trump stated the investment would come from private companies, not federal funds, and warned executives that competitors stood ready to replace them. Later that day, Trump signed an executive order blocking courts or creditors from impounding revenue from Venezuelan oil sales held in US treasury accounts, directing those funds toward Venezuelan "peace, prosperity and stability."
• Trump signed executive order declaring national emergency over Venezuelan oil revenue — On January 10, 2026, President Trump signed an executive order declaring a national emergency—his tenth in this term—stating that any use of revenue from the sale of Venezuelan oil to repay billions of dollars owed to oil companies "will materially harm the national security and foreign policy of the United States." The order asserted that such repayment would interfere with efforts to ensure economic and political stability in Venezuela and jeopardize U.S. foreign policy objectives including ending illegal immigration, stopping illicit narcotics, protecting against Iran and Hezbollah, and bringing stability to the Western Hemisphere. The order effectively placed control of Venezuelan oil revenue under executive authority.
• Trump told oil executives he would not repay historical losses from Venezuelan nationalization — At a meeting with oil executives on January 10, 2026, Trump stated that he would not use revenue from the sale of Venezuelan oil to repay billions of dollars owed to U.S. oil companies for losses from the 2007 nationalization of their Venezuelan assets. Trump said: "We're not going to look at what people lost in the past, because that was their fault. That was a different president. You're going to make a lot of money, but we're not going to go back."

Supporting reports

• Trump signed executive order declaring national emergency over Venezuelan oil revenue — On January 10, 2026, President Trump signed an executive order declaring a national emergency—his tenth in this term—stating that any use of revenue from the sale of Venezuelan oil to repay billions of dollars owed to oil companies "will materially harm the national security and foreign policy of the United States." The order asserted that such repayment would interfere with efforts to ensure economic and political stability in Venezuela and jeopardize U.S. foreign policy objectives including ending illegal immigration, stopping illicit narcotics, protecting against Iran and Hezbollah, and bringing stability to the Western Hemisphere. The order effectively placed control of Venezuelan oil revenue under executive authority.