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

World
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CNBC TV18•12-01-2026, 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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