Fact Check: Did Venezuela “Steal” U.S. Oil as Donald Trump Claimed?

Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.


Claimant: Donald Trump


Claim: Venezuela “stole” U.S. oil in the past.


Rating: MISLEADING


Explanation: Venezuela nationalized its oil industry in the 1970s after decades of foreign-company dominance. U.S. companies operating there were compensated, and the process followed domestic law. Describing this as “stealing” removes key legal and historical context.


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Date: 01/05/2026


 


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Last Updated on January 5, 2026 by Media Bias Fact Check

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