Trump Threatens Exxon Over Venezuela Investment Doubts
World
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Moneycontrol•12-01-2026, 07:24
Trump Threatens Exxon Over Venezuela Investment Doubts
- •President Trump threatened to exclude ExxonMobil from Venezuela after its CEO, Darren Woods, called the country 'uninvestable'.
- •Woods expressed skepticism about investing in Venezuela due to its current commercial constructs and frameworks.
- •Trump aims to get U.S. oil companies to rebuild Venezuela's oil infrastructure post-Maduro.
- •The White House plans to control sales of 30-50 million barrels of previously sanctioned Venezuelan crude.
- •Trump signed an executive order to protect Venezuelan oil revenue from judicial seizure, ensuring stability efforts.
Why It Matters: Trump warns ExxonMobil against skepticism on Venezuela investment, asserting US control over its oil future.
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