Exxon Shares Slide After Trump Signals He Might Bar Them From Venezuela Over CEO “Uninvestable” Comments

Shares of Exxon Mobil Corp. fell in early trading after U.S. President Donald Trump suggested he may exclude the oil giant from participating in Venezuela’s oil sector redevelopment. Trump, speaking aboard Air Force One, expressed frustration with Exxon’s response to his push for major U.S. energy companies to invest in rebuilding Venezuela’s oil industry, a plan he says could involve roughly $100 billion in private investment. The comments stem from a recent White House meeting where Exxon CEO Darren Woods described Venezuela as “uninvestable” under its current legal and commercial framework, citing past expropriation of assets and the need for significant reforms before the company would consider returning. Trump’s remarks signal a possible shift in which firms the U.S. government favors in Venezuela, with the President saying he is “inclined” to keep Exxon out and may instead prioritize other companies more willing to engage under U.S.-controlled terms. The dispute highlights broader tensions between Trump’s aggressive Venezuela strategy — including efforts to control the country’s oil sales and revenues — and the cautious stance of some major oil producers wary of investing in a politically and legally uncertain environment. #ExxonMobil #DonaldTrump #VenezuelaOil #EnergyInvestment #SlimScan #GrowthStocks #CANSLIM