Trump Threatens ExxonMobil Over Venezuela Comments
- Donald Trump indicated he may prevent exxonmobil from investing in Venezuela after the companyS CEO, Darren Woods, deemed the country "uninvestable" during a recent White House meeting.
- Woods reportedly told the president that changes to Venezuelan law would be necessary to make the country an attractive investment opportunity.
- The situation remains fluid as regional authorities respond to Maduro's removal.
Trump Threatens to block ExxonMobil Investment in Venezuela
Donald Trump indicated he may prevent exxonmobil from investing in Venezuela after the companyS CEO, Darren Woods, deemed the country “uninvestable” during a recent White House meeting. The exchange occurred last week during a gathering with at least 17 other oil executives.
Woods reportedly told the president that changes to Venezuelan law would be necessary to make the country an attractive investment opportunity. this followed a meeting where Trump urged the group to invest $100 billion to revitalize Venezuela’s oil industry, just days after U.S. forces captured and removed President Nicolás Maduro from power in a swift operation.
The situation remains fluid as regional authorities respond to Maduro’s removal. Fear and uncertainty grip Venezuela in the wake of the U.S.-led intervention.
Related: nicaraguan authorities arrest dozens for reportedly supporting Maduro capture
Further details on the White House meeting can be found here. Information regarding the proposed $100 billion investment is available here.