US EditionTrump says he’s ‘inclined’ to keep Exxon Mobil out of Venezuela deals
Trump doubts ExxonMobil's commitment to invest $100 billion in Venezuela's oil sector after CEO Woods calls the market uninvestable amid legal and political risks.
- Trump stated he is 'inclined' to exclude ExxonMobil from Venezuela deals after the company expressed doubts about investing in the country.
- Darren Woods, CEO of ExxonMobil, remarked that Venezuela is currently 'uninvestable' due to existing commercial constructs.
- An executive order noted that seizing funds could undermine critical U.S. efforts to ensure economic and political stability in Venezuela.
108 Articles
108 Articles
Trump likely to bar Exxon from Venezuela oil investment
President Donald Trump told reporters he may exclude Exxon Mobil from his coordinated effort to provide security guarantees for American oil companies in Venezuela following their response to his administration’s offer. “I didn’t like Exxon’s response. We have so many that want it. I’d probably be inclined to keep Exxon out. I didn’t like their response, they’re playing too cute,” Trump said. Following the U.S.’s capture of former Venezuelan dic…
Trump Signals He Will Likely Keep ExxonMobil Out of Venezuela
President Donald Trump said on Jan. 11 that he is inclined to keep ExxonMobil out of Venezuela after its CEO expressed doubts about investing in the country’s oil sector. Speaking to reporters aboard Air Force One, Trump said he didn’t like ExxonMobil CEO Darren Woods’s response at the Jan. 9 meeting with oil executives, which Trump held to push for investments in Venezuela’s oil sector following the ouster of regime leader Nicolás Maduro. “I’d …
The US president probably didn't like the fact that the CEO of the oil giant called Venezuela unfit for investment.
Trump says he invaded Venezuela for them. They may not want what he's offering
On Friday, Donald Trump summoned his largest donors — U.S. oil execs — to the White House, and exhorted them to invest $100 billion in Venezuela’s oil industry. The unspoken through line was that Trump would look ridiculous if they didn’t.The CEOs weren’t exactly enthusiastic. Venezuela is known as one of the most dangerous places to operate a business, and oil firms in particular have expressed concern about the safety of their operations and t…
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