Continental Resources seals Venezuela oil deal

Harold Hamm's Continental Resources announced a preliminary agreement with Venezuela's national oil company to develop 126,000 acres holding an estimated 30 billion barrels of oil.

“It's a milestone deal in making the Western Hemisphere the center of the global energy system.”

Hamm's ties to Trump run deep

Hamm advises Trump on energy policy to benefit his business interests and contributed 4.3 million dollars to Trump-aligned PACs during the 2024 campaign.

Chevron doubles down in Venezuela

Chevron became the first major US oil company to expand production in Venezuela since Trump seized control, investing 7 billion dollars to double output to 600,000 barrels a day.

ExxonMobil closing its own Venezuela deal

ExxonMobil is near completion of a separate agreement with Venezuela that could include over 50 billion barrels in oil reserves, potentially finished by month's end.

Venezuela loosens rules to attract oil investors

Acting President Delcy Rodriguez lowered tax rates and overhauled regulations to encourage foreign oil investment after Trump's administration took control.

These deals won't help ordinary Americans

The oil agreements will line the pockets of American companies and executives, not lower gas prices for consumers or improve conditions for Venezuelans.

“the winners of Trump's oil agreement won't lower gas prices for American consumers or help everyday Venezuela residents, it will just line the pockets of some American companies.”