Summary
President Trump said he might stop Exxon Mobil from investing in Venezuela after the company's CEO called the country "uninvestable." The CEO explained that past nationalization efforts in Venezuela have made it risky to invest there.
Key Facts
- President Trump suggested he may block Exxon Mobil from investing in Venezuela.
- Exxon's CEO, Darren Woods, said Venezuela is currently "uninvestable."
- Exxon had its assets seized twice in Venezuela due to nationalization.
- Woods indicated significant legal and commercial changes are needed in Venezuela.
- There is a need for better investment protections and changes to the country's hydrocarbon laws.
- The comments were made during a White House meeting with President Trump.
