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

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CNBC TV18•13-01-2026, 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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