Trump Inclined to Exclude ExxonMobil from Venezuela
Analysis based on 10 articles · First reported Jan 12, 2026 · Last updated Jan 12, 2026
The dispute between Donald Trump and ExxonMobil regarding investment in Venezuela could create uncertainty for the oil and gas industry, potentially impacting investment decisions in politically unstable regions. The United States' actions to control Venezuelan oil sales and protect its revenue directly affect Venezuela's economic prospects and global oil supply dynamics.
President Donald Trump has expressed his inclination to exclude ExxonMobil from future oil investment efforts in Venezuela. This decision stems from the skepticism voiced by ExxonMobil CEO Darren Woods, who stated that Venezuela is 'uninvestable' under its current commercial frameworks, despite the United States' efforts to encourage investment after the toppling of Nicolás Maduro. Donald Trump has also signed an executive order to protect Venezuelan oil revenue from judicial proceedings and has taken steps to control the sales of Venezuelan crude worldwide. The United States aims to rebuild Venezuela's infrastructure and economy, but the country's history of state asset seizures, sanctions, and political uncertainty pose significant challenges.
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