Exxon calls Venezuela ‘uninvestable’

AWAITING GUARANTEES

- BLOOMBERG

Major US oil executives expressed caution about President Donald Trump’s push for them to spend at least $100 billion to rebuild Venezuela, with the head of Exxon Mobil Corp. calling the nation currently “uninvestable.” Trump convened nearly 20 industry representatives in the White House on Friday and predicted they could come to an agreement “today or very shortly thereafter” to reinvigorate operations in the oil-rich Latin American country.