Trump's $100 billion Venezuela oil plan gets a cool reception
- Posted on January 10, 2026
- By Business News Today
- 5 Views
Trump's $100 billion Venezuela oil plan gets a cool reception
President Trump urged U.S. and European oil giants to invest at least $100 billion in Venezuela, but executives expressed hesitation due to past asset seizures and a lack of "durable investment protections." Exxon Mobil stated Venezuela is currently "uninvestable" without legal changes, though it would send an exploratory team with security guarantees.