Trump Threatens to Sideline Exxon from Venezuela's Oil

Trump Threatens to Sideline Exxon from Venezuela's Oil

The United States is facing a major crisis in Venezuela, where the country's oil production has been severely impacted by the ongoing economic crisis. In a shocking move, President Trump has threatened to sideline ExxonMobil, one of the largest oil companies in the world, from Venezuela's oil industry.

Background

ExxonMobil has been operating in Venezuela for decades, and has been a major player in the country's oil production. However, the company has been facing significant challenges in recent years, including the country's economic crisis and the ongoing conflict between the government and opposition.

Trump's Threat

In a statement released on January 12, 2026, President Trump threatened to sideline ExxonMobil from Venezuela's oil industry, citing the company's failure to meet its obligations. The statement read: 'They're playing too cute,' Trump said. 'We're not going to let them get away with it.'

Impact

The threat has sent shockwaves through the oil industry, with many analysts predicting a significant impact on ExxonMobil's operations in Venezuela. The company's stock price has already taken a hit, with shares falling by over 5% in response to the news.

Reaction

The reaction from the oil industry has been mixed, with some analysts praising Trump's move as a necessary step to protect American interests. However, others have criticized the move as a reckless and short-sighted decision that could have far-reaching consequences.

Sources

[2] Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’