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Monday, January 12, 2026
Donald Trump has said he might block ExxonMobil from investing in Venezuela after the oil company's chief executive called the country "uninvestable" during a White House meeting last week. Darren Woods told the US president that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Trump had urged the group to spend $100bn to revitalise Venezuela's oil industry in a meeting less than a week after US forces captured and removed Venezuelan president Nicols Maduro from power in a brazen overnight raid. Woods' sceptical remarks quickly emerged as the dominant headline, undercutting the White House's hopes of building momentum from its engagement with the world's most prominent oil executives. |
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