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Trump may keep ExxonMobil out of Venezuela after CEO comments: 'I didn't like their response'
President Donald Trump signaled Sunday that ExxonMobil could be excluded from any future U.S. involvement in Venezuela's oil sector, saying he was unhappy with the company's response following a meeting at the White House last week.
Trump told reporters aboard Air Force One that the oil giant was "playing too cute."
"I didn't like Exxon's response. You know, we have so many that want it. I'd probably be inclined to keep Exxon out. I didn't like their response," he said.
ExxonMobil CEO Darren Woods told the administration on Friday at a roundtable event with other industry executives that Venezuela is currently "uninvestable," citing weak legal protections, past asset seizures and the need for major changes to the country's hydrocarbon laws before ExxonMobil would consider reentering.