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Exxon CEO calls Venezuela 'uninvestable', but trusts Trump to fix legal safeties

ExxonMobil's CEO Darren Woods has deemed Venezuela 'uninvestable' but expressed confidence that legal protections will improve under President Trump's administration. Meanwhile, Trump has pledged 'total safety and security' to attract oil companies to invest in Venezuela's oil reserves.

AFP

AFP

Credit: ExxonMobil CEO Darren Woods (R) attends a meeting with US President Donald Trump (L) and oil company executives in the East Room of the White House in Washington, DC on January 9, 2026.

Key Highlights

  • ExxonMobil's CEO calls Venezuela 'uninvestable'.
  • Darren Woods trusts improvements will come with Trump's administration.
  • Trump promises oil giants 'total safety and security' in Venezuela.
  • Trump recently took control of Venezuela's oil reserves.
  • ExxonMobil plans to assess Venezuela's oil infrastructure.
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Sources

  1. Exxon CEO calls Venezuela 'uninvestable', but trusts Trump to fix legal safeties
  2. Trump vows 'total safety' as he lures oil giants to invest in Venezuela

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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