Discussions surrounding a potential $100 billion investment in Venezuela’s oil sector, reportedly sought by former President Donald Trump, have been met with significant reservations from key industry figures. Despite the immense potential of Venezuela’s vast oil reserves, the prospect of such a large-scale financial commitment faces substantial skepticism from leading energy executives.
A prominent voice among these cautious investors is the head of ExxonMobil, who characterized Venezuela as “uninvestable.” This assessment stems from the country’s history of seizing foreign assets, a practice that has directly impacted companies like ExxonMobil on at least two separate occasions. These past actions have created a challenging investment climate, leading oil executives to express profound caution regarding any new ventures in the nation.
