On January 9th local time, U.S. President Donald Trump held a meeting at the White House with approximately 20 major oil company executives, including Chevron and ExxonMobil, attempting to secure an agreement for investment in Venezuela's oil industry. However, several U.S. oil executives expressed caution in their public statements regarding further investment in Venezuela. ConocoPhillips CEO Ryan Lance stated during the meeting that there should be a discussion about "restructuring" Venezuela's entire energy system, revealing that his company had previously incurred losses of $12 billion in the country. President Trump issued a stark warning at the meeting, stating that if the executives present were not interested in investing in oil extraction in Venezuela, he had "25 people not here today who are willing to take your place."
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