business

US oil giant ExxonMobil tells Trump Venezuela is ‘uninvestable’

9 Ocak 2026Financial Times

🤖AI Özeti

ExxonMobil's CEO, Darren Woods, has expressed strong reservations about investing in Venezuela, countering President Trump's push for a quicker return to the country. The statement highlights the ongoing challenges and instability in Venezuela, which have deterred foreign investment. Woods' comments reflect the cautious approach major oil companies are taking in response to the volatile political and economic climate in Venezuela.

💡AI Analizi

Woods' assertion that Venezuela is 'uninvestable' underscores the complexities facing international oil firms in regions with significant geopolitical risks. The divergence between corporate strategies and political pressures illustrates the difficulties of navigating investment decisions in unstable environments. As companies like ExxonMobil prioritize shareholder interests and risk management, the implications for U.S. foreign policy and energy strategy may become increasingly pronounced.

📚Bağlam ve Tarihsel Perspektif

Venezuela, once one of the richest countries in Latin America due to its vast oil reserves, has faced severe economic decline and political turmoil in recent years. The Trump administration's interest in re-engaging with Venezuela's oil sector reflects broader geopolitical interests, but companies are wary of the risks involved.

This article reflects the views of the Financial Times and does not necessarily represent the views of the editor or the newsroom.