Live Feeds
● LIVE Updated 15m ago · 12 sources tracked

U.S. Received $12 Billion From Venezuela’s Oil, Report Shows

The United States processed more than $12 billion in revenue from Venezuelan natural resource exports during the first nine months of 2026, according to a confidential KPMG report cited by the New York Times and Reuters. Most of the funds were quickly redistributed back to Venezuela, though the report does not identify the final recipients or confirm whether the money remained in the country. The State Department has made the findings public.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~3 min
Speed:
RSS Source map (12)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ The U.S. government received more than $12 billion from Venezuelan natural resource exports in the first nine months of 2026.
  • ✓ The data comes from a confidential KPMG report made public by the State Department.
  • ✓ The vast majority of the funds were distributed back to Venezuela soon after receipt.
  • ✓ It is unclear if the money stayed in Venezuela or who the ultimate recipients were.
🛡️ Source Corroboration: 12 independent reporting domains (92% confidence) ⏱ Read time: ~2 min

What changed

A confidential KPMG report detailing the $12 billion in handled revenues has been disclosed by the State Department and reported by major outlets.

Live updates

  1. U.S. handled $12 billion in Venezuelan oil revenues this year, KPMG report shows

    The United States processed more than $12 billion in revenue from Venezuelan natural resource exports during the first nine months of 2026, according to a confidential KPMG report cited by the New York Times and Reuters. Most of the funds were quickly redistributed back to Venezuela, though the report does not identify the final recipients or confirm whether the money remained in the country. The State Department has made the findings public.

    Why it matters

    The flow of Venezuelan oil to the U.S. has continued under licenses granted to companies like Chevron despite broader sanctions on the Maduro government. The $12 billion figure quantifies the scale of this sanctioned trade for the first time, revealing a significant financial channel that operates alongside diplomatic pressure. The ultimate destination of the redistributed funds remains opaque, raising questions about transparency and who benefits inside Venezuela.

    What is confirmed

    • The U.S. government received more than $12 billion from Venezuelan natural resource exports in the first nine months of 2026.
    • The data comes from a confidential KPMG report made public by the State Department.
    • The vast majority of the funds were distributed back to Venezuela soon after receipt.
    • It is unclear if the money stayed in Venezuela or who the ultimate recipients were.

    What to watch next

    • Details on the specific licensing framework allowing the oil flows and revenue handling
    • Clarification from the State Department or Treasury on the mechanism for redistributing funds to Venezuela
    • Any congressional oversight or audit requests regarding the $12 billion flow
    Sources used for this update (13)
    1. www.democraticunderground.com — In U.S. Gas Talks With Kremlin, Hidden Financing for Alaska Project Emerges
    2. www.ntd.com — Blood Pressure Drug Recalled Nationwide for Failing Quality Testing
    3. The New York Times — U.S. Received $12 Billion From Venezuela’s Oil, Report Shows
    4. GuruFocus — KPMG Report Reveals Over $12 Billion from Venezuela's Natural Re
    5. TradingView — US handled $12 billion in Venezuelan oil revenues, secret report shows - NYT
    6. Trade Finance Global — Venezuelan oil flows north, but where does the money go?
    7. Gizmodo — Where’s the $12 Billion Extracted by the Trump Regime From Venezuela?
    8. Political Wire — U.S. Received $12 Billion From Venezuela’s Oil
    9. www.sanjuandailystar.com — US handled $12 billion in Venezuelan oil revenues, secret report shows
    10. 247wallst.com — Chevron Bets $7B on Venezuela While Exxon Mobil Plays It Safe: One Has a Distinct Edge Now
    11. www.upi.com — London police investigating comedian David Walliams
    12. www.upi.com — Seoul mayor criticizes South Korea's special prosecutor bill
    confidence 92%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community