Trump says he’s ‘inclined’ to keep Exxon Mobil out of Venezuela deals
Trump criticized ExxonMobil's cautious stance on Venezuela's legal risks and asset seizures, signaling exclusion to push other U.S. firms toward a $100 billion investment plan, administration said.
- President Donald Trump said he is 'inclined' to keep ExxonMobil out of Venezuela after the company's CEO, Darren Woods, stated that the country is currently 'uninvestable.'
- Woods explained that significant legal changes are needed in Venezuela for it to be a viable investment option during a meeting with Trump and other oil executives.
- Chevron's vice chairman, Mark Nelson, expressed optimism, stating that Chevron plans to increase production in Venezuela by 100%, effective immediately.
159 Articles
159 Articles
MAGA pundit says CEO who rejected Trump was 'speaking the truth'
After President Donald Trump invited oil company CEOs to the White House in a bid to get them to invest in Venezuelan oil extraction, the CEO of one of the biggest oil companies in the world publicly disparaged the South American country's oil reserves — angering the president in the process. Now, one of Trump's former advisors is defending the CEO's position.During a Monday segment on her show "The Source," CNN host Kaitlan Collins noted that E…
‘Playing Too Cute’: Trump Threatens To Bar Exxon From Venezuela After CEO Calls Oil Market ‘Uninvestable’
ExxonMobil CEO Darren Woods and President Donald Trump have clashed over the future of Venezuela’s oil industry, with the executive bluntly describing the South American nation as “uninvestable” in its current state. The assessment, delivered during a White House meeting on Friday, stands in sharp contrast to the President’s aggressive push for U.S. firms to […] ‘Playing Too Cute’: Trump Threatens To Bar Exxon From Venezuela After CEO Calls Oil …
Venezuela’s Oil Industry Facing New Challenges
U.S. President Donald Trump said on Sunday that he might block Exxon Mobil from investing in Venezuela after the oil major’s CEO called the country “uninvestable” during a White House meeting last week. Exxon CEO Darren Woods told Trump that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Trump had urged the group to …
Trump threatens to cut Exxon out of Venezuela oil after CEO 'plays too cute' with skepticism · American Wire News
President Donald Trump is threatening to sideline Exxon Mobil over unfavorable comments made by the company’s CEO. Following the capture of Venezuelan President Nicolas Maduro, Trump encouraged American oil companies to invest in restructuring the energy sector. He was asked whether any companies had made “commitments” while speaking to reporters aboard Air Force One on Sunday. Watch: (Video Credit: LiveNOW from FOX) He declined to provide any s…
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