ExxonMobil Explores Venezuela Visit Amidst Trump's Rebuke
10 hours agoBusiness
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5 SourcesVenezuela
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ExxonMobil Explores Venezuela Visit Amidst Trump's Rebuke

ExxonMobil is prepared to send a technical team to Venezuela to assess oil infrastructure, despite U.S. President Donald Trump's public statement that he is inclined to keep the company out. Exxon CEO Darren Woods described Venezuela as "uninvestable" without legal reforms and investment protections, though he also indicated the administration could help facilitate changes. Trump expressed dissatisfaction with Exxon's response, calling it "too cute," while Exxon executives were reportedly surprised by his remarks. The U.S. is encouraging investment to rebuild Venezuela's oil industry following recent political changes.

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