ExxonMobil CEO Darren Woods listens as President Donald Trump speaks during a meeting with oil company executives in the East Room of the White House in Washington, DC on January 9. “If we look at the legal and commercial constructs and frameworks in place today, in Venezuela today, it’s uninvestible, and so significant changes have to be made to those commercial frameworks, the legal system,” Woods said. Woods said he was confident the Trump administration could make those necessary changes. But to even understand what kind of return on investment Exxon would get from Venezuela, Woods said a number of questions need to be answered first. What are the commercial arrangements, the legal frameworks?” Woods asked.

Source: CNN January 09, 2026 13:43 UTC