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Trump to hold White House meeting with oil company executives

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US now in control of Venezuela's oil reserves, the largest in the world

President Donald Trump will meet with executives from major U.S. oil companies on Friday, a White House official told FOX Business.

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The planned meeting comes after the president said that oil firms would make significant investments in Venezuela following the special forces raid that apprehended Venezuelan strongman Nicolás Maduro over the weekend.

Chevron is currently the only U.S. oil company operating in Venezuela, while ConocoPhillips and ExxonMobil had operations in the country before the regime nationalized their assets.

A pump jack owned by Venezuela's state run oil company is seen in El Tigre, Venezuela.

A pump jack stands near an oil spill at a Petroleos de Venezuela SA (PDVSA) facility in the Orinoco Belt of El Tigre, Venezuela. (Bloomberg/Getty Images)

This is a developing story. Please check back for updates.

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