ExxonMobil CEO Darren Woods told President Donald Trump earlier this month that Venezuela was 'uninvestable' unless it strengthened legal protections

ExxonMobil CEO Darren Woods told President Donald Trump earlier this month that Venezuela was 'uninvestable' unless it strengthened legal protections

ExxonMobil and Chevron said Friday that they were awaiting signs of greater fiscal and legal stability in Venezuela before significantly shifting their approach to the oil-rich country.

ExxonMobil, which has not operated in Venezuela since its assets were expropriated in 2007, aims to help the Trump administration understand the need to "make sure the right legal framework is in place" in Venezuela, said ExxonMobil CEO Darren Woods.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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