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The Economic Times

Economy / The Economic Times

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Big oil's complicated calculus for investing in Venezuela

President Donald Trump has clashed with major US oil companies over investment plans in Venezuela, saying he may block Exxon Mobil after its CEO called the country uninvestable. Trump wants oil firms to invest heavily to boost supply and keep oil prices low, while industry leaders remain cautious about risk, costs and shareholder returns.

18 Jan 2026 6:39 am