Big Oil's Dilemma: Balancing Trump's Venezuela Gambit with Shareholder Priorities
ByAinvest
Saturday, Jan 17, 2026 8:23 pm ET1min read
XOM--
US oil companies are hesitant to invest in Venezuela due to high upfront costs and risk of nationalization. Exxon Mobil CEO Darren Woods called Venezuela "uninvestable," while Trump wants them to invest heavily. Oil majors prioritize low-risk, high-cost projects, and are focusing on quick-payback projects like shale oil.
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