3 days ago - The CEOs ExxonMobil and ConocoPhillips told President Donald Trump that Venezuela will need big changes to attract investment. Exxon CEO Darren Woods said Venezuela is "uninvestable" in the country's current state.

1 week ago - Exxon's chief executive Darren ... the state." ... Venezuela has had a complicated relationship with international oil firms since crude was discovered in its territory more than 100 years ago....

1 week ago - At a roundtable press conference at the White House on Friday afternoon with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhilips, the US president doubled down on claims that Maduro’s arrest presents ...

2 weeks ago - Administration officials have told ... that if they want compensation for their rigs, pipelines and other seized property, then they must be prepared to go back into Venezuela now and invest heavily in reviving its shattered petroleum industry, two people ...

5 days ago - Darren Woods told the US president that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Trump had urged the group to spend $100bn to revitalise Venezuela’s oil industry in a meeting less than a week after US forces captured and removed Venezuelan president Nicolás Maduro from power in a brazen overnight raid.

5 days ago - ExxonMobil Chair Darren Woods, ... oil executives last week. From left are Trump, Secretary of State Marco Rubio, Energy Secretary Chris Wright and Trump Chief of Staff Susie Wiles....

1 week ago - Trump and his top aides emerged from a lengthy White House meeting without any major commitments from companies to invest billions of dollars in the nation, after running into deep skepticism over the administration’s plan for ensuring Venezuela’s long-term stability. “It’s uninvestible,” ExxonMobil CEO Darren Woods told officials in a blunt evaluation of the obstacles to doing business in the nation. “There are a number of legal and commercial frameworks that would have to be established to even understand what kind of returns we would get on the investment.” · Several other executives at the meeting expressed similar reluctance, warning that the industry would first need to secure extensive security and financial guarantees before beginning a yearslong effort to ramp up oil production.

1 week ago - "American companies will have the opportunity to rebuild Venezuela's rotting energy infrastructure and eventually increase oil production to levels never, ever seen before," Trump said at the opening of the meeting. He was flanked by top executives from Exxon Mobil (XOM.N), opens new tab, ConocoPhillips (COP.N), opens new tab, Chevron Corp (CVX.N), opens new tab and others.

1 day ago - Oil executives and lawyers for international oil companies are lobbying the U.S. and Venezuelan governments for changes in the OPEC member's hydrocarbon law that would give them the right to freely export the oil they produce in Venezuela, sources ...

5 days ago - Exxon CEO Darren Woods told Trump that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Sign up here. Trump had urged the group to spend $100 billion to revitalize Venezuela's oil industry in a meeting less than a week after U.S. forces captured and removed Venezuelan President Nicolas Maduro from power in a brazen overnight raid.

1 week ago - President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.

6 days ago - The oil executives who attended a White House meeting on Venezuela’s future said they would need a stable, secure government there, and changes to the country’s legal and commercial framework to make such large investments, which can take decades to recoup.

1 week ago - “We’ve had our assets seized there twice, and so you can imagine to re-enter a third time would require some pretty significant changes,” Woods said at the White House meeting, as Susie Wiles, the chief of staff, sat next to him. ... Trump summoned the executives to hash out details of his plan to take charge of the Venezuelan oil industry.

6 hours ago - Oil executives seem to not only be balking at the risk of having assets nationalized but also expressing a view that has become standard across the sector: Big new projects have to survive intense scrutiny. Venezuela’s tar-like oil has to be diluted to flow through a pipeline.

1 week ago - Oil executives are concerned about political instability in Venezuela, since oil investments are often measured in decades, and companies would need to be confident that any deal would last long enough for them to turn a worthwhile profit.

1 week ago - At a roundtable press conference at the White House with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhillips, the US president doubled down on claims that Nicolás Maduro’s arrest presents American ...

6 days ago - President Donald Trump speaks with Darren Woods, left, chief executive officer and chair of ExxonMobil, while Maryann Mannen, chair, president and CEO of Marathon Petroleum, right, and Matt Sheehy, president and CEO of Tallgrass Energy, far right, look on during a meeting with oil executives in the East Room of the White House, Friday, Jan. 9, 2026, in Washington. (AP Photo/Alex Brandon) ... ABOARD AIR FORCE ONE — President Donald Trump said Sunday that he is “inclined” to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicolás Maduro.