On January 9, local time, U.S. President Trump held a meeting at the White House with executives from some of the world's largest oil companies. Trump said that major oil companies would spend at least $100 billion to rebuild the necessary capacity and infrastructure of Venezuela's oil industry. Trump also pledged that U.S. oil companies would receive security guarantees.

Some of the oil company executives attending the meeting said that investment in Venezuela requires "considerable changes," and that in the short term, it is crucial to assemble a technical team to assess the current state of the industry and assets. Oil companies are prepared to send teams to Venezuela to assess the state of the oil industry, and on-site work could begin in the coming weeks. Other oil company executives said that banks need to be involved in discussions about investing in Venezuela, and that the U.S. Export-Import Bank may need to participate in financing projects for Venezuela's oil industry.

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