President Trump told reporters Sunday night that he was “inclined” to deny ExxonMobil any role in rebuilding Venezuela’s moribund oil industry after its CEO told him point-blank Friday that the South American country was “uninvestible” despite the recent capture of President Nicolas Maduro.
“I didn’t like Exxon’s response,” Trump said to reporters on Air Force One as he departed West Palm Beach, Florida. “They’re playing too cute.”
ExxonMobil CEO Darren Woods made the blunt assessment during a White House meeting of petroleum executives who Trump was trying to persuade to restart production in Venezuela after more than 25 years of left-wing authoritarian rule.
“If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable,” said Woods, who has led the world’s largest oil company since January 2017.
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Trump warns ExxonMobil after CEO calls Venezuela ‘uninvestible’: ‘They’re playing too cute’
President Donald Trump Smiling by Tia Dufour is licensed under Tia Dufour / Trump White House Archive (Flickr)
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