Companies

Trump may exclude Exxon from Venezuela oil plans — ‘They're playing too cute’

January 12, 2026

President Donald Trump indicated he may exclude Exxon Mobil from plans to revitalize Venezuela's oil industry, expressing dissatisfaction with the company's response during a recent meeting. Trump's remarks follow concerns from Exxon's CEO about the investability of Venezuela, prompting the president to suggest that the company is 'playing too cute' and may not be welcomed in the initiative.

Trump may exclude Exxon from Venezuela oil plans — ‘They're playing too cute’

Credit: Livemint

Key Highlights

Trump is considering excluding Exxon Mobil from U. S. oil investments in Venezuela.
The decision follows Exxon's CEO expressing skepticism about investing in Venezuela.
Trump had called a meeting with 20 oil executives to discuss revitalizing Venezuela's oil sector.
He urged U. S. companies to invest $100 billion in Venezuela's oil infrastructure.
Trump's comments indicate a growing frustration with Exxon's lack of enthusiasm.

Business Trump administration Donald Trump Venezuela Americas Nicolás Maduro oil ExxonMobil

Sources

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.

Trump may exclude Exxon from Venezuela oil plans — ‘They're playing too cute’

Key Highlights

Sources

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