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Markwayne Mullin: “If they stabilize, most of these majors, including Exxon, is…”

Featuring: Markwayne Mullin, Republican | U.S. Senate, Oklahoma

SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box

Published January 13, 2026 | Video Starts at 03:03

… to make it a palatable place to invest and whether ultimately you'd need boots on the ground to do it. Well, when you start, when you start looking at Venezuela, If they stabilize, most of these majors, including Exxon, is going to run [to Venezuela]. there. We've had relationships, I mean, look at Chevron. We've had relationships in Venezuela for four years. (03:03–03:08)

CLAIM

Asserts that major oil companies will invest in Venezuela if it stabilizes.

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Markwayne Mullin

“Maduro... being a technically a drug lord and using Venezuela to be able to launder money through and poison our streets.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 00:47-01:05
“The oil reserves in Venezuela is greater than Saudi Arabia, but there's been zero investment into it.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 01:30-01:37
“China was receiving roughly 400,000 barrels of oil a day at a much reduced price on the black market.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 02:02-02:10
“For over the last 25 years, [the U.S.] have paid attention elsewhere and we've allowed our streets to be flooded with drugs.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 00:31-00:39
“He [the president] has made it very clear that he supports the Iranian people in whatever move they try to move.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 01:40-10:14
“He [the president] will keep the mass murdering from going on from this murderous regime that's running Iran.”
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“President Trump is going to have U.S. investors back going into Venezuela.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 03:49-03:55
“Most these oil companies... need to be, to actually be profitable [at] between 60 and $70 a barrel.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 04:46-04:53
“We can bring down that cost from, like I said, from the low end, about $45 a barrel.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 05:40-05:46
“We didn't invade Venezuela. We removed an indicted dictator that was ruining the country and it was a drug lord.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 06:18-06:25
“The Federal Reserve needs, has more transparency with Congress to begin with.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 08:50-08:55
“The president doesn't bluff. His timing is on his timing. When he decides to move, he will move.”
SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 09:59-10:06