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RECORDThe Boston Globe (New York Times)

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US received $12 billion in Venezuelan oil revenues, report shows

Published by The Boston Globe (New York Times) on November 10, 2026.

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… "><span class="caption | margin_right_half">A man rode past an operating oil pumpjack in Cabimas, Venezuela, Aug. 31.</span><span class="credit uppercase">Ariana Cubillos/AP Photo/Ariana Cubillos</span></figcaption></figure></div></div></div><article id="article-body" class="article | rail"><div class="lead | border_box gutter_16--desktop gutter_16--tablet relative"><p class="paragraph | gutter_20_0"><span class="html-render">The U.S. government received and disbursed more than $12 billion in revenue from Venezuela’s natural resource exports in the first nine months of this year, according to a confidential report by global financial services firm KPMG.</span></p><p class="paragraph | gutter_20_0"><span class="html-render">The report, which was reviewed by The New York Times, provides the most detailed portrait so far of the financial control exerted by the U.S. government on Venezuela since U.S. forces toppled the country’s president in January.</span></p><p class="paragraph | gutter_20_0"><span class="html-render">The Trump administration <a href="https://www.bostonglobe.com/2026/09/23/nation/venezuela-president-rodriguez-un/" target="_blank" rel="noreferrer" title="https://www.bostonglobe.com/2026/09/23/nation/venezuela-president-rodriguez-un/">installed a pliant interim government</a> and charged it with opening up Venezuela’s oil industry to American investment.</span></p></div><div class="body | gutter_16--desktop gutter_16--tablet paywalled_content …

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