President Trump Considers Options After ExxonMobil’s Venezuela Concerns
aboard air force one – President Donald Trump expressed reservations Sunday regarding ExxonMobil’s potential role in Venezuela. This follows statements from the company’s CEO questioning the viability of investing in the country after the removal of former President Nicolás Maduro.
Speaking to reporters, President Trump indicated his dissatisfaction with ExxonMobil’s stance, suggesting the company was being hesitant.
During a meeting Friday, President Trump addressed concerns from various oil executives, assuring them that they would be working directly with the U.S. government, aiming to avoid the complications of dealing with Venezuelan authorities.
Darren Woods, CEO of ExxonMobil, voiced skepticism, stating that current commercial conditions in Venezuela make investment unfeasible.
The Trump administration views rebuilding Venezuela’s economy and infrastructure as vital. A key part of this strategy involves encouraging American oil companies to invest and help stabilize the region.
The White House intends to manage Venezuela’s economic recovery. The U.S. has seized tankers carrying Venezuelan oil and plans to control the sales of millions of barrels of Venezuelan crude oil.
To protect Venezuelan oil revenue from potential seizure in legal proceedings, President Trump signed an executive order. The order aims to ensure that these funds are used to support economic and political stability in Venezuela. The U.S. government is concerned that asset seizures could hinder efforts to stabilize the country.
