đš BREAKING: Trump May Cut Exxon Out of Venezuela Plan đșđžđ»đȘ
President Donald Trump signaled heâs leaning toward excluding ExxonMobil from his big plan to get U.S. oil companies to invest at least $100 billion to rebuild Venezuelaâs oil industry after the U.S. intervention there.
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The push is meant to revive Venezuelaâs oil sector â one of the largest in the world but long weakened by mismanagement and sanctions â by encouraging U.S. energy firms to pour in massive private capital.
But the CEO of Exxon told Trump that Venezuela is currently âuninvestableâ without major legal and commercial changes, saying past risks and asset seizures make it too uncertain.
Trump reacted strongly, saying he prefers other companies that are willing to move forward, and has even issued orders to protect Venezuelan oil revenue from legal claims â a sign heâs serious about his energy plan.
This moment could reshape global oil investment, U.S.âVenezuela ties, and how big oil companies make decisions under pressure from political leaders. With Trump pushing hard but top executives hesitant, the outcome is still very uncertain â and the world is watching. đ
