Exxon Executives Caution Trump on Venezuela Investment Plans, Face Backlash
ByAinvest
Tuesday, Jan 13, 2026 5:11 am ET1min read
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Exxon Mobil CEO Darren Woods warned President Donald Trump that Venezuela is "uninvestable" due to its unstable political and economic conditions. Trump was reportedly displeased with Woods' candor and considered keeping Exxon out of Venezuela. Oil executives are cautious about investing in Venezuela due to the need for significant investment and political and legal reforms. Exxon's arch-rival Chevron Corp. remains the only major international oil company operating in Venezuela.
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