President Donald Trump said he has guaranteed companies they won’t have any problems in Venezuela. Oil executives only had issues in the past because “stupid people” were presidents, he said. But

Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.

Exxon CEO Darren Woods speaks at a roundtable hosted by the Oil and Gas Climate Initiative at CERAWeek by S&P Global in 2024. Despite the low prices, Exxon has indicated that it plans to continue producing record volumes of oil.

President Donald Trump appears to have added a new role to his resume. Trump shared a fake Wikipedia page on his Truth Social platform late Sunday, which referred to him as the “Acting President of Venezuela” starting this month.

Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major could hit the ground running in Venezuela and was ready to evaluate potentially returning to the country. "It's absolutely critical that we get a technical team in place to assess the current state of the industry,