Exxon Calls Venezuela ‘Uninvestable’ as Trump Pushes Oil Plan

Here is a 168-word summary of the news article: Exxon Mobil's CEO has described Venezuela as "uninvestable" amid President Trump's push for major U.S. oil companies to spend at least $100 billion to help rebuild the country's oil industry. This sentiment was echoed by other top oil executives, who expressed caution about investing in Venezuela due to the country's political and economic instability. The article notes that Venezuela's oil production has plummeted in recent years due to mismanagement, corruption, and U.S. sanctions. President Trump has been urging oil companies to help revive Venezuela's energy sector, which could provide an alternative to OPEC oil. However, industry leaders remain skeptical about the viability of such investments given the ongoing turmoil in the country. They emphasized the need for a stable political and economic environment before committing substantial funds to projects in Venezuela.