Trump threatens to shut ExxonMobil out of Venezuela [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Trump threatened on Sunday to keep the oil giant from re-entering Venezuela, only two days after ExxonMobil CEO Darren Woods delivered blunt remarks at the White House describing the South American nation as "uninvestable" without major changes to its political and legal structure. "I didn't like Exxon's response," Trump told reporters aboard Air Force One. "I'd probably be inclined to keep Exxon out. I didn't like their response. They're playing too cute." The Trump administration has been furiously attempting to prod Western oil executives to invest in Venezuela's crippled oil sector following the U.S. ouster of its leader Nicolás Maduro. However, enormous uncertainty and costs have prompted a tepid response from the largest oil companies, which aren't inclined to commit long-term capital to restart drilling operations while oil is trading at low prices anyway. The lack of enthusiasm was on display during the Friday meeting between Trump and nearly two dozen oil executives th
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News
- Trump threatens to keep ‘too cute' Exxon out of Venezuela after CEO provides reality check on ‘univestable' industry [Fortune]Fortune
- Exxonmobil pushes pack on Trump's call for investing in Venezuela, says its 'uninvestible' [FOX Business Network]FOX Business Network
- Hiltzik: Trump's Venezuelan oil adventure is coming apart at the seams [Yahoo! Finance]Yahoo! Finance
- Trump's Venezuelan oil adventure is coming apart at the seams [Los Angeles Times (CA)]Los Angeles Times
- Exxon Mobil: 2030 Plan More Robust Than Initial Forecast [Seeking Alpha]Seeking Alpha
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