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Friday, January 16, 2026

Trump Signals He Will Likely Keep ExxonMobil Out of Venezuela

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An ExxonMobil refinery in Baytown, Texas, in an undated file photograph. Jessica Rinaldi/ReutersPresident Donald Trump said on Jan. 11 that he is inclined to keep ExxonMobil out of Venezuela after its CEO expressed doubts about investing in the country’s oil sector.Speaking to reporters aboard Air Force One, Trump said he didn’t like ExxonMobil CEO Darren Woods’s response at the Jan. 9 meeting with oil executives, which Trump held to push for investments in Venezuela’s oil sector following the ouster of regime leader Nicolás Maduro.

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