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Originally published by Capital Business
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business
January 10, 2026
17h ago

Trump seeks $100bn for Venezuela oil, but Exxon boss says country ‘uninvestable’

Trump seeks $100bn for Venezuela oil, but Exxon boss says country ‘uninvestable’

  JAN 10 - US President Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response Kenya breaking news | Kenya news today |..

✨ Key Highlights

US President Donald Trump sought an ambitious $100 billion in oil industry investment for Venezuela, but major oil executives expressed strong reservations, with Exxon labeling the country "uninvestable" due to past asset seizures and instability.

  • Trump stated the investment would lead to "even lower energy prices" for the United States.
  • Exxon chief executive Darren Woods highlighted that re-entering Venezuela for a third time would require "pretty significant changes" given previous asset seizures.
  • While smaller firms were more optimistic, analysts like David Goldwyn of Goldwyn Global Strategies emphasized that large-scale investments from companies such as Exxon and Shell are unlikely without physical security, legal certainty, and a competitive fiscal framework, making Trump's $100 billion target seem "fantastical."

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