Exxon CEO Calls Venezuela 'Uninvestable' But Trump’s $100B Plan Stands Firmly on Fantasy
KEY POINTS
- •ExxonMobil CEO Darren Woods called Venezuela 'uninvestable' on Friday during a White House meeting with Trump and oil leaders.
- •Trump pushed a $100 billion investment plan, promising total safety and security for US oil firms operating in Venezuela.
- •Chevron’s vice chairman vowed to potentially increase production by 50% over 18-24 months despite existing risks and Maduro’s indictment.
On a Friday that felt like a bizarreness summit, ExxonMobil CEO Darren Woods called Venezuela 'uninvestable,' explaining that current legal and commercial frameworks require significant medieval-style witch hunts to fix. Meeting Trump at the White House, Woods cautiously mentioned sending a 'technical team' to check if Venezuela’s oil is still under all that chaos. Trump, ignoring that there’s barely a blinking green light, pushed for a $100 billion US oil investment bonanza, promising 'total safety and security' — basically telling oil execs, 'Hey, I’ve got 25 lawyers ready to replace you!' Meanwhile, Chevron’s Mark Nelson, probably after downing a Venezuelan coffee, enthusiastically promised a 50% increase in production. Harold Hamm casually side-stepped commitment, calling Venezuela 'challenging' but enticing for explorers, like Indiana Jones with a pipeline. All this unfolded while Maduro got a US indictment on drugs and weapons charges — because Venezuela's soap opera needed more plot twists.
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Oil giants agree Venezuela's a legal and commercial 'jurassic park' but Trump insists $100B cash injection will tame the dinosaurs. Meanwhile, execs dodge promises like Indiana Jones dodges traps.
If Venezuela’s oil is 'uninvestable,' Trump’s $100B dream is just a lawsuit waiting to happen.
Trump brags about 25 replacements for hesitant CEOs, proving his best negotiation tactic is passive-aggressive threats.
Source: Businessinsider | Published: 1/10/2026 | Author: Nathan Rennolds
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