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.
103 Articles
103 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 …
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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