Fact-check · Oct 13, 2026
“President Trump secured the biggest oil deal in world history delivering The US majority control of more than 65,000,000,000 barrels of proven oil reserves in Venezuela”
TRUESaid in 5 broadcasts
What the record shows
White House announced August 28, 2026 that U.S. secured majority control of 65 billion barrels of proven Venezuelan oil reserves through a joint venture structure giving U.S. 55% control.
Official White House fact sheet and Venezuelan government confirm 65 billion barrel figure for 17 oil fields. U.S. holds majority stake in joint venture with guaranteed low-cost oil access.
Sources
- Trump says U.S. makes deal to control 65 billion barrels of Venezuelan oil reserves
- Trump says U.S. has entered deal with Venezuela to control 65 billion barrels of its oil reserves
- Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
- Fact Sheet: President Donald J. Trump Announces Historic Oil Agreement to Secure American Energy Dominance and Drive Venezuela’s Economic Recovery
- President Trump Secures the Biggest Oil Deal in World History
- How Venezuela's Simultaneous Refinery Explosion and Blackout Crisis Are Testing the U.S. Oil Deal
Every time it was said
5 times, Sep 3, 2026 to Oct 13, 2026 · 1 true · 3 misleading · 1 false
TrueMisleadingFalse
The verdicts differ. Differences come from changes in the wording or in what each check found. Each check is linked below.
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