President Donald Trump reportedly bristled after Exxon Mobil CEO Darren Woods bluntly told him that Venezuela remains “uninvestable,” undercutting the president’s push for U.S. oil giants to pour billions into rebuilding the country’s oil sector after Nicolás Maduro’s capture. According to Bloomberg, Woods raised basic concerns about legal protections, commercial frameworks, and long-term returns — comments that infuriated Trump, who later complained the executive was “playing too cute” and threatened to freeze Exxon out of Venezuela. Industry experts say Woods was simply stating reality, noting that despite Trump’s pressure, the financial and political risks of investing in Venezuela remain massive and unresolved.
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