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Trump 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.

  • President Donald Trump stated he is 'inclined' to keep ExxonMobil out of Venezuela after its top executive's comments on investment risks.
  • Darren Woods, CEO of ExxonMobil, described Venezuela as 'uninvestable' due to existing commercial frameworks.
  • Trump expressed discontent with ExxonMobil's response, saying, 'I didn’t like Exxon’s response.'
  • During a meeting with oil executives, Trump assured them they would negotiate directly with the U.S., not Venezuela.
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Trump says he might keep Exxon out of Venezuela after CEO called it 'uninvestable'

Exxon CEO Darren Woods told Trump that Venezuela would need to change its laws before it could be an attractive investment opportunity.

·United Kingdom
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Fuser News broke the news in on Saturday, January 10, 2026.
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