In their report, CreditSights analysts Ben Morgan and Charles Johnston noted that the U.S. plan to take over Venezuela’s oil industry following the capture of President Maduro would likely have a negligible impact on the bonds of major energy companies. The analysts noted that Venezuela is a relatively small crude oil exporter, with its supply accounting for less than 1% of global supply in 2025. They noted: “We expect the (U.S.) action to have limited short-term impact on global oil markets and the credit of major integrated energy companies.” Integrated energy companies refer to large enterprises that produce and sell oil, natural gas, and renewable energy.