FILE PHOTO: Exxon Mobil signage is displayed at the JEC World Composites Show at the Villepinte Exhibition Center, near Paris, France, March 4, 2025. REUTERS/Benoit Tessier/File Photo
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CNBC TV1813-01-2026, 16:18

Exxon Mobil Still Keen on Venezuela Visit Despite Trump's Rebuke

  • Exxon Mobil remains interested in sending an assessment team to Venezuela, a source revealed to Reuters.
  • US President Donald Trump expressed disapproval of Exxon's stance, threatening to keep the oil major out of Venezuela.
  • Exxon CEO Darren Woods had told Trump that Venezuela needs legal changes and investment protection before Exxon commits.
  • Woods also suggested Exxon could send a technical team within weeks to evaluate Venezuela's oil infrastructure.
  • American energy firms are urged by Trump to invest $100 billion to rebuild Venezuela's oil industry after Maduro's removal.

Why It Matters: Exxon Mobil maintains interest in Venezuela despite Trump's rebuke, eyeing potential re-entry into the oil sector.

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