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Clarification of What Trump Is Saying — In 2007, Hugo Chávez seized U.S. oil projects in the Orinoco Belt from ExxonMobil and ConocoPhillips.

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5.3K Views· 19/12/25· Travel & Events

Clarification of What Trump Is Saying —

In 2007, Hugo Chávez seized U.S. oil projects in the Orinoco Belt from ExxonMobil and ConocoPhillips.

Venezuela:
• Confiscated assets
• Voided contracts
• Took production rights
• Refused fair compensation

U.S. companies won billions in international court rulings.

Venezuela never paid.

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