Venezuela owes some U.S. oil companies billions
U.S. oil companies like Chevron began drilling in Venezuela about one hundred years ago and played a key role in developing the country's oil sector.
But around 2004 to 2007, then-President Hugo Chávez "basically forcefully renegotiated contracts" with international oil companies, says Francisco Monaldi, director of the Latin America Energy Program at the Center for Energy Studies at Rice University.
ExxonMobil and ConocoPhillips left the country in 2007 and then took the Venezuelan government to international arbitration courts. The courts ordered Venezuela to pay ConocoPhillips over $10 billion and ExxonMobil over $1 billion. Venezuela has only paid a fraction of those sums to ExxonMobil and to ConocoPhillips.
Chevron, however, stayed in Venezuela — although " they didn't like it," says Gerald Kepes, president of Competitive Energy Strategies, an energy consultancy in Washington, D.C.
Chevron today produces about a quarter of Venezuela's oil.
In response to the news of Maduro's capture, Chevron spokesperson Bill Turenne said in an email, "Chevron remains focused on the safety and wellbeing of our employees, as well as the integrity of our assets. We continue to operate in full compliance with all relevant laws and regulations."
Trump has said that Venezuela has "stolen" U.S. investment in the country's energy sector.
so you guys will understand why Trump is “robbing” the oil?