Trump threatens to block ExxonMobil from Venezuela after CEO calls country ‘uninvestable’
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Following a White House meeting where President Trump urged oil executives to invest $100 billion in Venezuela after the removal of Nicolás Maduro, ExxonMobil CEO Darren Woods deemed the country "uninvestable" due to its legal and commercial frameworks. Woods cited previous asset seizures and the need for durable investment protections and hydrocarbons law reform. Trump expressed displeasure with Exxon's response and threatened to block the company from future Venezuelan investments. ConocoPhillips' CEO also called for debt restructuring and energy system reform in Venezuela, where the company is a major creditor. The meeting occurred after a US raid removed Maduro from power, aiming to revitalize Venezuela's oil industry.
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