"Executives from three major American oil companies with long histories in Venezuela cautioned at a White House meeting with President Donald Trump on Friday that any serious investments in Venezuelan oil infrastructure would require massive, long-term structural changes.
None of the leaders of Chevron, ExxonMobil and ConocoPhillips made major commitments or promises to Trump at the meeting, which gathered nearly two dozen oil executives. Some of their statements appeared to contradict Trump’s claims that American companies will quickly invest billions of dollars in Venezuela.
ExxonMobil CEO Darren Woods described the current situation in Venezuela as “uninvestable.”
“We take a very long-term perspective,” he said at the meeting. “The investments that we make span decades and decades. We don’t go into any opportunity with a short-term mindset, and there’s a value proposition that we have to meet.”
Woods then said that long-term commitments from Exxon will require serious interest from both the Venezuelan government and the Venezuelan people."
https://www.notus.org/trump-white-house/key-oil-executives-trump-venezuela-investment
#USA #Trump #BigOil #Venezuela #Militarism #Oil #FossilFuels
