President Trump Considers Excluding ExxonMobil from Venezuela Investments Following CEO's 'Uninvestable' Remarks
President Trump is considering preventing ExxonMobil from investing in Venezuela after CEO Darren Woods stated that Venezuela was 'uninvestable' during a White House meeting. Woods, along with at least 17 other oil executives, met with President Trump last week, where the President urged them to invest $100 billion to revitalize Venezuela's oil industry. This meeting occurred shortly after U.S. forces reportedly removed Venezuelan President Nicolas Maduro from office. Woods explained that Venezuela's laws would need to change significantly to make it an attractive investment opportunity, citing that ExxonMobil's assets had been seized twice before. He emphasized the need for permanent investment protection mechanisms and reforms to Venezuela's oil law. President Trump expressed his displeasure with Woods's remarks, stating, 'I will probably be inclined to exclude Exxon. I didn't like their answer. They're playing too much for time.' ConocoPhillips CEO Ryan Lance also attended the meeting, highlighting his ...
