Exxon Labels Venezuela 'Uninvestable' Without Major Reforms
ExxonMobilExxonMobil(US:XOM) Benzinga·2026-01-10 19:11

President Donald Trump has urged major US oil companies to invest at least $100 billion in Venezuela’s oil sector, a proposition that has been met with skepticism by industry leaders.On Friday, Trump had a meeting with nearly 20 industry representatives in the White House’s East Room. He expressed his anticipation for a swift agreement to rejuvenate operations in Venezuela following the capture of leader Nicolás Maduro.Despite Trump’s positive outlook, several executives voiced their concerns. Exxon Mobil C ...