Exxon CEO calls Venezuela 'uninvestable'
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Exxon Mobil (XOM) has signaled continued interest in sending an assessment team to Venezuela for evaluating oil infrastructure and other assets, according to Reuters, citing an unnamed source. The report comes days after U.
President Donald Trump signaled that Exxon Mobil (NYSE:XOM) could be excluded from his effort to bring US oil majors back into Venezuela, after expressing dissatisfaction with the company's response to his initiative.
Trump told reporters he did not like Exxon Mobil's response to his Venezuela offer and said that the company was "playing too cute."
Exxon, ConocoPhillips (COP.N) and Chevron were for decades the most prominent partners of state company PDVSA, contributing to developing output at the vast Orinoco Belt, which is now the country's main oil region.