Trump may keep ExxonMobil out of Venezuela after CEO comments: 'I didn't like their response' [FOX Business Network]
Exxon Mobil Corporation (XOM)
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Source: FOX Business Network
President Donald Trump signaled Sunday that ExxonMobil could be excluded from any future U.S. involvement in Venezuela's oil sector, saying he was unhappy with the company's response following a meeting at the White House last week. Trump told reporters aboard Air Force One that the oil giant was "playing too cute." "I didn't like Exxon's response. You know, we have so many that want it. I'd probably be inclined to keep Exxon out. I didn't like their response," he said. ExxonMobil CEO Darren Woods told the administration on Friday at a roundtable event with other industry executives that Venezuela is currently "uninvestable," citing weak legal protections, past asset seizures and the need for major changes to the country's hydrocarbon laws before ExxonMobil would consider reentering. Woods said the company would take a long-term approach and would need durable legal and investment protections, as well as an invitation from the Venezuelan government, before committing, though
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News
- Trump threatens to keep ‘too cute' Exxon out of Venezuela after CEO provides reality check on ‘univestable' industry [Fortune]Fortune
- Exxonmobil pushes pack on Trump's call for investing in Venezuela, says its 'uninvestible' [FOX Business Network]FOX Business Network
- Hiltzik: Trump's Venezuelan oil adventure is coming apart at the seams [Yahoo! Finance]Yahoo! Finance
- Trump's Venezuelan oil adventure is coming apart at the seams [Los Angeles Times (CA)]Los Angeles Times
- Exxon Mobil: 2030 Plan More Robust Than Initial Forecast [Seeking Alpha]Seeking Alpha
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