False2026-08
What is circulating
“Speaking about Venezuelan oil, Trump said: "We're making hundreds of billions of dollars, and so are they."”
Claimed by Donald Trump · official statement
The facts
PolitiFact rated the claim False. The most credible estimate of oil revenue since the U.S. took control of Venezuela's oil industry in January 2026 is about $13 billion. Venezuela's entire GDP is about $111 billion according to the IMF, so hundreds of billions for each side is implausible, and the White House provided no supporting data.