President says oil companies are moving into Venezuela and 'jobs are being created by the thousands'

When asked about Venezuela, the President said the country had been 'very sad' but is now 'making a tremendous amount of money' as major oil companies 'are going in.' He named ExxonMobil and Chevron as examples and said the U.S. was bringing 'millions of barrels of oil' from Venezuela to Houston for refining.

He framed the private investment as creating jobs 'by the thousands' and described a rapid uptick in drilling and corporate activity. The remarks were descriptive and anecdotal; the President did not cite contracts, timelines, or diplomatic steps enabling the companies' entry, and he did not provide verification of the scale of barrels or job counts.