ExxonMobil CEO Darren Woods told President Trump and U.S. oil executives that Venezuela’s oil industry is currently “uninvestable” without major legal and fiscal reforms, warning that conditions in the country make big investments too risky. In response, President Trump said he’s **“inclined” to keep ExxonMobil out of future U.S.-backed Venezuela oil investment opportunities and criticized the company’s reaction, even as he pushes a plan to attract $100 billion in private oil investment to rebuild Venezuelan energy infrastructure. This video breaks down the White House meeting, Exxon’s stance, Trump’s comments, and what this means for U.S.–Venezuela energy policy.
#ExxonMobil,#DonaldTrump,#VenezuelaOil,#Uninvestable,#EnergyPolicy,#OilInvestment,#TrumpWhiteHouse,#GlobalOilNews,#Reuters,#APNews,#OilIndustry,#VenezuelaCrisis,#TrumpOilPlan,#InvestmentRisk
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