FILE PHOTO: ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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CNBC TV1812-01-2026, 06:35

Trump 'inclined' to keep ExxonMobil out of Venezuela after CEO's skeptical response

  • President Trump expressed his inclination to exclude ExxonMobil from Venezuela's oil investment efforts.
  • Trump disliked ExxonMobil CEO Darren Woods' skeptical response regarding investment in Venezuela.
  • Woods stated that Venezuela is 'uninvestable' due to current commercial constructs and frameworks.
  • Trump aims to get US oil companies to invest in Venezuela to rebuild its infrastructure post-Maduro.
  • Trump signed an executive order to protect Venezuelan oil revenue from judicial seizure, ensuring stability.

Why It Matters: Trump is wary of ExxonMobil's reluctance to invest in Venezuela, pushing for US oil company involvement.

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