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Exxon Mobil CEO believes Venezuela is currently ‘uninvestable,’ Reuters says

Exxon Mobil (XOM) CEO Darren Woods said the company is ready to evaluate a potential return to Venezuela, but believes the country was currently “uninvestable” and legal changes are needed, Sheila Dang and Jarrett Renshaw of Reuters reports. “It’s absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market,” Woods said, according to Reuters.

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