According to CoinMeta, the new oil agreement reached between Trump and Venezuela gives American companies majority control over 6.5 billion barrels of oil, pushing the accessible proven reserves in the United States to 7.1% of the global supply. Venezuela's extra-heavy oil requires specialized refining and significant infrastructure repairs, which means that production growth will take several years rather than months to reach consumers. The existing Chevron-Venezuela joint venture and strong free cash flow make it the most obvious short-term beneficiary under the new hydrocarbon framework.