Trump threatens to sideline Exxon from Venezuela’s oil: ‘They’re playing too cute’

Trump threatened to sideline Exxon Mobil from Venezuela’s energy market, saying he didn’t like their response to his calls for oil companies to quickly re-enter the South American country.

“I didn’t like Exxon’s response. You know we have so many that want it. I’d probably be inclined to keep Exxon out,” Trump told reporters on board Air Force One on Sunday.

KEY POINTS
President Donald Trump said Sunday that he would “probably be inclined” to keep U.S. oil giant Exxon Mobil out of Venezuela.
His comments come shortly after Exxon CEO Darren Woods said the Venezuelan market is “uninvestable” in its current state.
Trump has been pushing for U.S. oil companies to invest at least $100 billion in Venezuela’s energy sector.

CNBS report

Darren Woods, chairman and chief executive officer Exxon Mobil Corp., during a meeting with oil executives in the East Room of the White House in Washington, DC, US, on Friday, Jan. 9, 2026.