Exxon's Venezuela candor tests Trump's oil gambit
TL;DR Summary
Exxon Mobil CEO Darren Woods told President Trump that Venezuela is 'uninvestable,' a blunt assessment echoed by other oil leaders; Trump reacted negatively, signaling limits to U.S. investment, while industry cautions say any reconstruction would require major political and legal reforms and security guarantees, with Chevron currently the only major international operator in Venezuela, illustrating the risk and optics at the White House meeting.
- Exxon’s Truth-Telling on Venezuela Shows Risk of Crossing Trump Bloomberg.com
- The oil CEO who stood up to Trump is a follower of the disciplined ‘Exxon way’ and has a history of blunt statements Yahoo Finance
- Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’ CNBC
- Trump says he'd be "inclined to keep Exxon out" of Venezuela oil push after CEO's remarks Axios
- Trump may keep ExxonMobil out of Venezuela after CEO comments: 'I didn't like their response' Fox Business
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