Darren Woods

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Darren Woods, CEO of ExxonMobil, meets with Trump to discuss Venezuela oil investments

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Darren Woods is the CEO of ExxonMobil, a multinational oil and gas corporation. He has been in this position since 2017. Recently, he met with US President Donald Trump to discuss investing in Venezuela's vast oil reserves. During their meeting, Woods stated that Venezuela was currently 'uninvestable' due to its laws, which led to Trump threatening to block ExxonMobil from investing in the country. However, during a separate meeting with Trump and other oil executives, he urged them to tap into Venezuela's oil reserves quickly. These events highlight the complexities of investing in Venezuela and the challenges faced by major oil companies in the region. Woods' comments also underscore the ongoing tensions between the US and Venezuela regarding energy investments.
Last updated: January 28, 2026