
Oil Execs Cool to Trump's Risky $100B Venezuela Plan
President Trump proposed a \$100 billion investment plan for U.S. and European oil giants in Venezuela, but major players like Exxon Mobil, citing past asset seizures and an "uninvestable" climate, expressed reluctance. Exxon CEO Darren Woods indicated a potential exploratory team contingent on security guarantees, despite the company and ConocoPhillips pursuing billions in claims for previously nationalized assets. Trump dismissed past losses, suggesting ConocoPhillips' \$12 billion claim could be written off, signaling a focus on future investment rather than recouping past losses.
























