CEO Darren Woods said that Venezuela is “uninvestable” after Trump asked him how long it would take the firm to restart operations there. The afternoon meeting was attended by several major oil companies in addition to Exxon, including Chevron, ConocoPhillips and Shell. The administration’s actions have focused on the oil Venezuela has already pumped and could produce itself in the foreseeable future. Administration officials said any oil Venezuela pumps will also be sent to U.S. refineries. Ask The Post AIDive deeperThe arrangement irks companies drilling wells in places such as West Texas and North Dakota.

Source: Washington Post January 10, 2026 23:17 UTC