Trump Signals He May Block ExxonMobil from Investing in Venezuela After CEO Calls It “Uninvestable”

President Donald Trump indicated he is “inclined” to keep ExxonMobil out of Venezuela’s oil sector following a recent White House meeting with oil industry executives, expressing frustration with the company’s cautious response to his ambitious plan to attract U.S. investment in Venezuela’s energy industry. ExxonMobil CEO Darren Woods told Trump that Venezuela is currently “uninvestable” under its existing legal and commercial framework and that significant reforms would be required before Exxon could consider returning. Woods highlighted Venezuela’s history of asset seizures and stressed the need for durable investment protections and legal changes to make the country attractive to major investors. Trump has been urging U.S. oil companies to commit at least $100 billion to rebuild Venezuela’s oil infrastructure following the U.S. capture and removal of Venezuelan President Nicolás Maduro. While some firms voiced strong reservations, Chevron’s vice chairman said his company is ready to immediately increase production in Venezuela. The dispute underscores broader tensions over U.S. strategy for leveraging Venezuela’s vast oil reserves and how to manage energy investments in a geopolitically sensitive landscape. #Trump #ExxonMobil #Venezuela #OilInvestment #SlimScan #GrowthStocks #CANSLIM