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Donald Trump threatens to block ExxonMobil from Venezuela

US president attacks oil major’s chief executive over his scepticism about investing in South American country

Donald Trump said he may block ExxonMobil from investing in Venezuela after the US oil company’s chief executive said the country was “uninvestable” during a White House meeting last week.

“I didn’t like Exxon’s response . . . I’d probably be inclined to keep Exxon out. I didn’t like their response. They’re playing too cute,” the US president told reporters travelling on Air Force One on Sunday. 

Trump’s comments come as the US government steps up negotiations with western oil companies in a bid to attract at least $100bn in private-sector investment to help rebuild Venezuela’s oil sector. 

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