Trump may keep ExxonMobil out of Venezuela after CEO's warning

President Trump said he is inclined to keep ExxonMobil from operating in Venezuela after the company's CEO described the country as uninvestable; the president also signed an executive order intended to protect Venezuelan oil revenue held in U.S. accounts.

President Donald Trump said he is inclined to keep ExxonMobil from operating in Venezuela following remarks by the oil company's CEO. The comment came after a White House meeting with major oil executives about post-Maduro investment in Venezuela. In the same period, the administration issued an executive order aimed at protecting Venezuelan oil revenue held in U.S. accounts. Key developments: - The president said he was "inclined" to keep ExxonMobil out of Venezuela after the company's CEO described the country as uninvestable and raised concerns about past asset seizures. - During the meeting, Trump told oil executives they would be dealing directly with the U.S. rather than Venezuela on future activity in the country. - On Saturday the White House published an executive order that seeks to block courts or creditors from seizing revenue tied to Venezuelan oil held in U.S. Treasury accounts. Summary: The remarks signal the administration will weigh corporate responses when deciding which U.S. firms may operate in Venezuela, and the executive order is presented as a step to protect oil revenue linked to U.S. accounts. Undetermined at this time.