In a recent White House meeting, ExxonMobil’s CEO, Darren Woods, referred to Venezuela as “uninvestable,” prompting President Donald Trump to consider blocking the company from investing in the country. The meeting, which included at least 17 other oil executives, highlighted the challenges and risks associated with investing in Venezuela’s oil industry.
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Woods expressed concerns about Venezuela’s legal framework and the need for significant changes before it could become an attractive investment opportunity. Trump, in response to Woods’ comments, stated that ExxonMobil was “playing too cute” and suggested that he was inclined to keep the company out of Venezuela.
This development comes amidst ongoing political and economic turmoil in Venezuela, with President Nicolás Maduro facing international pressure and sanctions. The country’s oil industry, once a key source of revenue, has been in decline, further complicating investment decisions for foreign companies.
ExxonMobil’s potential exclusion from Venezuela reflects broader geopolitical tensions and the complexities of doing business in politically unstable environments. The company’s stance on Venezuela aligns with a cautious approach to investment in high-risk regions, prioritizing legal certainty and stability.
While Trump’s response indicates a willingness to take a tough stance on Venezuela, it also raises questions about the implications for ExxonMobil and other multinational corporations operating in the region. The decision to block ExxonMobil could have far-reaching consequences for the company’s strategic interests and future investments.
Overall, the situation underscores the challenges of navigating political dynamics and regulatory uncertainties in global markets. As the debate over ExxonMobil’s involvement in Venezuela continues, stakeholders will be closely monitoring the implications for the oil industry and broader geopolitical relations.
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References:
– Politico: [Trump ‘inclined’ to keep ExxonMobil out of Venezuela after CEO response at White House meeting](https://news.google.com/rss/articles/CBMi2gFBVV95cUxPSkUwdEg0b2JENUh5NUR6dVd2ajJXNE1jWFBmblg4T0VKM0NpM3hSeGxLTUZNMUxlTlVfWXhzTmRuQWJQX3ZKMEZfQlptS1Z4TVZZMXJyUUFJcTdzTENPTVI2N1Z1akNuYkthd1Y3bDlfV05DV0hRdS1RQlNVQkk1andnQWh3Y3BJajUtZWREbnRDWF94cGpNVE5Tc3kxTzdWYXhLQno1SUQ0blAtUzA2ODVCYU51RTBkYmpVenFjOHU3T2pKU2lzdjM1MkU5SE1jLUdwaFJqcVk0UQ?oc=5&hl=en-US&gl=US&ceid=US:en)
– The Guardian: [Trump threatens to block ExxonMobil from Venezuela after CEO calls country ‘uninvestable’](https://www.theguardian.com/us-news/2026/jan/12/donald-trump-threatens-block-exxonmobil-venezuela)
– CNBC: [Trump threatens to sideline Exxon from Venezuela’s oil: ‘They’re playing too cute’](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQeXZiQ2VleXJJaWE4THRkU0syRU5NVzAwZHlhbUpNa0NCMDYtN1NKaHNjUlQxRS1fNVJfdzA2bFVOaGRCal9EUVRaVm4ybTBkb0gtX3F6UXY3V1VSLVpFSmtXOXNlTXRfTHoyTFozd211Ym1hZlZWcjB2WW95QldxcVh4cDlfaW0z0gGOAUFVX3lxTE5LX0hISmprTjJvRzRNUWVhNzdBSGNTS1B2QUt1a2VYY0J5M0JJdXQxdUpiOVdKUXlOdnA2SnVQWU9nWVRyRDBuc0RQYXZET3JzSjBhSFpXZG5KUVMzRHoxV25QRW5rTUxIWHF0ZlV3MUcxNi1GRzVXaDlrUnM3RXhMR2FsM0lYOGNkaG5NWVE?oc=5&hl=en-US&gl=US&ceid=US:en)
Political Bias Index: Neutral (Green)
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