ExxonMobil(US:XOM) Hua Er Jie Jian Wen·2026-01-12 06:44Core Viewpoint - The current business environment in Venezuela is deemed "uninvestable" by ExxonMobil's CEO, leading to President Trump's threat to exclude the company from investment opportunities in the country [1][2]. Group 1: Company Perspectives - ExxonMobil's CEO, Darren Woods, expressed skepticism about investing in Venezuela, citing the need for "significant changes" before making large capital commitments, especially given the company's past experiences with asset seizures [2][3]. - Woods stated that under the current legal and business framework, Venezuela is "uninvestable," highlighting the reluctance of major energy companies to enter the market without specific guarantees [3]. - Despite Woods' cautious stance, he indicated that ExxonMobil would send a technical team to Venezuela to assess the situation, showing a slight shift in attitude under pressure from Trump [4]. Group 2: Industry Reactions - In contrast to ExxonMobil's cautious approach, Chevron, the only U.S. company currently operating in Venezuela, conveyed a more optimistic outlook, suggesting it could increase production by 50% within 18 to 24 months [5]. - Trump noted that many in the oil industry are "very interested" in opportunities in Venezuela, despite the overarching concerns regarding legal, financial, and security guarantees [5]. - Trump reassured that companies would be safe and that there would be no issues, aiming to alleviate concerns about investing in Venezuela [5].