Trump Suggests ExxonMobil Should Avoid Venezuela Operations
The former U.S. President indicated reluctance to involve the oil major in the country following CEO's remarks during a White House meeting.
Fact Check
The evidence from multiple high-authority sources (Financial Times, Reuters, AP News) consistently and directly supports the statement. These sources report that after ExxonMobil's CEO described Venezuela as 'un-investable,' Donald Trump publicly stated he might block the company from the country or was 'inclined' to keep them out. A threat to block a company's operations is a very strong form of suggesting they should avoid them. While some sources provide the crucial context that Trump had initially encouraged investment, this does not contradict the final statement; rather, it explains the reason for his subsequent threat. The consistency of the reporting on Trump's reaction across several credible news outlets confirms that he did, in fact, suggest ExxonMobil should stay out of Venezuela as a consequence of their stated reluctance to invest.
Summary
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Terms & Concepts
- ExxonMobil: A U.S.-based multinational oil and gas corporation, one of the world's largest publicly traded energy companies.
- White House: The official residence and workplace of the President of the United States, located in Washington, D.C.