Saturday, January 24, 2026 at 4:00 AM
Beijing’s moves bought it sway in Venezuela—all of it now subject to the Trump administration’s preferences in the wake of Maduro’s ouster.
The company lobbied hard for proximity to Venezuela’s oil wealth—but it has little appetite for making major investments there in the near term.
Only U.S.-bound tankers of crude have left the oil-exporting country since the arrest of Nicolás Maduro, a new report says.
President Trump is urging oil companies to dive back into Latin America, but for ConocoPhillips, “the bar’s likely higher.”
A WSJ poll finds voters think Trump is giving priority to foreign issues over the economy.
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