Trump Says He’s Inclined to ‘Keep Exxon Out’ of Venezuela Plans
President Donald Trump has indicated a reluctance to involve Exxon Mobil Corporation in his plan to have US oil companies invest at least $100 billion to rebuild Venezuela's oil industry. Trump expressed dissatisfaction with Exxon Mobil's response to his initiative, suggesting he is inclined to "keep Exxon out" of the Venezuela plans. The president's comments reflect his desire to see major American oil companies play a significant role in the potential revitalization of Venezuela's oil sector, which has been in decline due to political and economic turmoil. Trump's preference appears to be to work with companies other than Exxon Mobil, though he did not provide specific details on why he is displeased with the company's response to his proposal.
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