Overview
- Speaking aboard Air Force One on Sunday, Trump said he was "inclined to keep Exxon out" after CEO Darren Woods' remarks at a White House meeting.
- Woods told Trump Venezuela is uninvestable under current law, citing past asset seizures and saying durable protections and hydrocarbon law changes are required.
- The White House has pressed U.S. oil firms to commit roughly $100 billion to rebuild output, while issuing an executive order to shield Venezuelan oil revenues in U.S. accounts.
- Other companies signaled more openness, with Chevron indicating plans to boost production, as ConocoPhillips stressed unresolved claims and called for a restructuring of PDVSA.
- Exxon shares slipped in premarket trading Monday following Trump's comments, reflecting market caution about the standoff.