"I didn't like Exxon's response. You know, we have so many that wanted I'd probably be inclined to keep Exxon out. I didn't like their response. They're playing too cute."
"We have guarantees that they're going to be safe, that there's going to be no problem and there won't be. There's not going to be a problem. They had problems in the past because they didn't have Trump as a president. They had stupid people."
"Woods said Exxon would require some pretty significant changes before returning, pointing to the need for reforms to commercial frameworks, the legal system and hydrocarbon laws, alongside durable protections for foreign capital."
President Trump urged US oil executives to invest $100 billion to rebuild Venezuela's energy sector after forces captured Nicolás Maduro, offering government-backed security guarantees. ExxonMobil CEO Darren Woods told a White House meeting that Venezuela is currently uninvestable and said Exxon would require significant changes before returning, including reforms to commercial frameworks, the legal system, hydrocarbon laws, and durable protections for foreign capital. Woods said Exxon could send a technical team to assess oil infrastructure if conditions improved. Trump publicly criticized Exxon's response and said he would be inclined to keep Exxon out of the restructuring.
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