Donald Trump said he might block ExxonMobil from investing in Venezuela. This came after Exxon CEO Darren Woods called Venezuela “uninvestable” during a White House meeting last week. Woods told Trump that Venezuela needs to change its laws before it can attract investment. The meeting included at least 17 other top oil executives. Trump had asked the group to invest $100 billion to boost Venezuela’s oil industry. This was just days after US forces captured Venezuelan president Nicolás Maduro in a surprise raid. Trump told reporters, “I didn’t like Exxon’s response. I’ll probably be inclined to keep Exxon out. I didn’t like their response. They’re playing too cute.” Exxon, ConocoPhillips, and Chevron were once key partners of Venezuela’s state oil company PDVSA. The oil industry was nationalized between 2004 and 2007 by late president Hugo Chávez. While Chevron stayed, Exxon and ConocoPhillips left and filed major arbitration cases after losing assets. Venezuela owes over $13 billion to ConocoPhillips and Exxon due to expropriations, court rulings say. Woods warned Trump about their past seized assets and said, “to re-enter a third time would require some pretty significant changes.” He added the need for stable investment rules and major reforms of Venezuela's hydrocarbons law. Woods stated, “If we look at the legal and commercial constructs and frameworks in place today in Venezuela today, it’s uninvestable.” ConocoPhillips CEO Ryan Lance urged for debt restructuring and changes in Venezuela’s energy system including PDVSA. Trump promised ConocoPhillips would recover much of its money but with a fresh start. “We’re not going to look at what people lost in the past because that was their fault,” Trump said. Trump also said his administration will decide which companies can operate in Venezuela. “You’re dealing with us directly. You’re not dealing with Venezuela at all,” he said. “We don’t want you to deal with Venezuela.” On Saturday, Trump signed an executive order blocking courts or creditors from seizing revenue from Venezuelan oil held in US Treasury accounts.