Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’
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Former President Donald Trump has issued a warning to ExxonMobil, suggesting the company may be sidelined from Venezuela's oil market due to its cautious approach. This statement follows Exxon CEO Darren Woods' declaration that the Venezuelan market is currently 'uninvestable.' Trump's remarks highlight the tension between U.S. political interests and corporate strategies in volatile regions.
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The Venezuelan oil market has been heavily impacted by U.S. sanctions and political turmoil, making it a contentious issue for both the government and corporations. Exxon's cautious stance may be a strategic decision to avoid potential losses in a high-risk market, while Trump's comments suggest a desire for more aggressive U.S. engagement in Venezuelan oil production.
This article reflects the views and opinions of the author and does not necessarily represent the views of CNBC.
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