
Trump Threatens Exxon's Venezuela Oil Investment
U.S. oil companies like ExxonMobil and Chevron are hesitant to invest in Venezuela despite President Trump's call for \$100 billion in investment, citing an oversupplied market and prioritizing shareholder returns through dividends and share repurchases. This disagreement stems from conflicting priorities, with Trump seeking low oil prices and increased investment, while oil companies focus on profitability and risk reduction, leading to a potential impasse and uncertain future for Venezuelan oil development. The reluctance of major players like Exxon, whose CEO called Venezuela "uninvestable," highlights the complex financial and political calculus involved.
























