Exxon Calls Venezuela ‘Uninvestable’ as Trump Pushes $100 Billion Energy Investment Plan

U.S. President **Donald Trump is pushing American and global oil companies to invest at least $100 billion in Venezuela’s oil sector as part of a plan to rapidly revive the country’s dilapidated energy infrastructure and tap into its vast crude reserves. The call came during a high‑level meeting at the White House with major energy executives, where Trump portrayed Venezuela as a new opportunity for U.S. firms following his administration’s recent actions in the country. However, ExxonMobil’s CEO Darren Woods bluntly told Trump that Venezuela is currently “uninvestable” due to its unstable legal and commercial frameworks, lack of durable investment protections, and a history of asset expropriations that left U.S. firms owed billions. Woods stressed that major legal reforms would be needed before Exxon could commit to significant investment, although he said a technical assessment team could be deployed soon. Other executives, including Chevron’s vice chairman, expressed interest but echoed caution about immediate, large‑scale commitments. The meeting highlighted a stark contrast between the White House’s ambitious political push and the oil industry’s wariness about the challenges of doing business in Venezuela’s volatile environment. #VenezuelaOil #ExxonMobil #TrumpEnergyPlan #Uninvestable #SlimScan #GrowthStocks #CANSLIM