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Stock impact report

Oil giant TotalEnergies on Trump's Venezuela dream: ‘Too expensive and too polluting' [CNBC]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: CNBC
TotalEnergies completely exited its oil and gas operations in Venezuela in 2022, citing a shift away from the country's heavy crude. Shares of TotalEnergies notched a new 52-week high on Wednesday. In this article Patrick Pouyanne, chief executive officer of TotalEnergies SE, during the Conference de Paris, organized by the International Economic Forum of the Americas (IEFA) in Paris, France, on Tuesday, Dec. 16, 2025. Bloomberg | Bloomberg | Getty Images The CEO of French energy major TotalEnergies said it was “too expensive and too polluting” to return to Venezuela, despite calls from U.S. President Donald Trump for Big Oil to invest billions in the country The company quit Venezuela in 2022 but the Trump administration has urged oil majors to return since the U.S. military operation to seize the country's president, Nicolás Maduro, on Jan. 3. Speaking on Wednesday, TotalEnergies CEO Patrick Pouyanné told reporters the company quit the country “because it clashed with Show less Read more
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