Trump says he might keep Exxon out of Venezuela

By Jarrett Renshaw

Jan 11 (Reuters) - U.S. President Donald Trump said ​on Sunday that he might ‌block Exxon Mobil from investing in Venezuela ‌after the oil major's CEO called the country "uninvestable" during a White House meeting last week.

Exxon CEO Darren ⁠Woods told ‌Trump that the Venezuelan market is "uninvestable" in its current ‍state. Venezuela seized Exxon's and Conoco's assets in 2007, and Caracas owes the ​companies billions of dollars in ‌outstanding claims from arbitration cases.

"We've had our assets seized there twice, and so you can imagine to re-enter a third time would ⁠require some pretty ​significant changes from what ​we've historically seen here," Woods told Trump at the White ‍House.

"If ⁠we look at the legal and commercial constructs and frameworks in ⁠place today in Venezuela today, it's ‌uninvestable."

(Reporting by Jarrett Renshaw; Editing ‌by Himani Sarkar)