Trump Signals He May Block ExxonMobil from Venezuela Oil Deals After CEO Doubts

President Donald Trump said he is “inclined” to keep ExxonMobil out of Venezuela’s oil redevelopment efforts following a recent White House meeting where Exxon’s CEO Darren Woods expressed serious reservations about investing there. Woods described Venezuela as “uninvestable” under its current legal and commercial conditions, citing past asset seizures and the need for durable investment protections and legal reforms before his company could commit. The meeting, attended by major U.S. oil executives, focused on Trump’s push for American firms to invest roughly $100 billion to revive Venezuela’s devastated oil industry after the U.S.-backed ouster of Nicolás Maduro. While Chevron remains the only U.S. oil company operating in Venezuela and expressed more interest in expanding production, Exxon’s cautious stance drew Trump’s criticism, with the president suggesting he might favor other firms willing to engage. Trump also issued an executive order to protect Venezuelan oil revenues from seizure by creditors and reinforced plans for U.S. control over Venezuelan oil sales. The broader U.S. strategy aims to rebuild production and increase American influence in the region’s energy sector, but uncertainty remains over whether legal and security guarantees will be enough to attract major investment. #Trump #ExxonMobil #VenezuelaOil #EnergyPolicy #SlimScan #GrowthStocks #CANSLIM