President Donald Trump urged major US and European oil executives to invest at least $100 billion to revive Venezuela's oil industry. Despite Trump's push, citing a new chapter and a handover of oil reserves, companies expressed significant reluctance. Exxon Mobil CEO Darren Woods called Venezuela 'uninvestable' due to past asset seizures and the need for legal and commercial reforms, though he offered to send an exploratory team with security guarantees. Other executives also voiced concerns about investment protections and returns.