Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute'

Core Viewpoint - U.S. President Donald Trump expressed dissatisfaction with Exxon Mobil's response regarding re-entering the Venezuelan energy market, indicating a potential sidelining of the company from this market due to its perceived reluctance to engage [2][3]. Group 1: Company Response - Exxon CEO Darren Woods stated that the Venezuelan market is currently "uninvestable" and emphasized the need for "some pretty significant changes" for Exxon to consider re-entering the country for a third time [2][3]. - The company has previously faced challenges in Venezuela, including the seizure of its assets in 2007, with outstanding claims from arbitration cases amounting to billions of dollars owed by Caracas [3]. Group 2: Market Reaction - Following the comments from Trump and Woods, Exxon's shares were observed to be 1.1% lower in premarket trading on the following Monday [3].