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