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Trump Threatens Exxon Over Venezuela Like It’s A High School Group Project

KEY POINTS

  • President Trump expressed Sunday displeasure with Exxon CEO Darren Woods after he labeled Venezuela uninvestable.
  • Trump hinted he might exclude Exxon from plans for $100 billion US investment in Venezuela’s oil sector.
  • Despite security guarantee promises, Trump has not detailed any specific protections or military plans.

On a quest worthy of a soap opera, President Trump declared Sunday that Exxon Mobil might get benched from his Venezuela oil fantasy, after CEO Darren Woods dared call Venezuela 'uninvestable.' Woods had awkwardly reminded Trump on January 8 at the White House that Exxon’s assets got seized twice there, basically twice caught cheating in Monopoly. Trump, speaking aboard Air Force One en route from Florida, disparaged Exxon for 'playing too cute' — like a jealous gym coach kicking out the MVP. Trump promises $100 billion investment dreams yet only offers vague 'no problem' guarantees and blames past troubles on 'stupid people,' not deep nationalization problems. Meanwhile, Columbia scholars suggest reviving Venezuela’s oil from 800K barrels daily back to wildly optimistic 3.5M barrels might take $100 billion and a decade, which sounds about as fast as finishing War and Peace with a hangover.

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Source: Axios | Published: 1/12/2026 | Author: Rebecca Falconer