Trump hints Exxon ban in Venezuela after CEO calls it 'uninvestable'

1 min read
Source: The Guardian
Trump hints Exxon ban in Venezuela after CEO calls it 'uninvestable'
Photo: The Guardian
TL;DR Summary

Trump warned he may block ExxonMobil from investing in Venezuela after CEO Darren Woods described the country as 'uninvestable,' saying reforms to the legal framework and investment protections are needed; the moment came as the White House urged a $100 billion push for oil-industry investment and as Trump signed an executive order to shield Venezuelan oil revenues held in US accounts from creditors.

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