Trump will dangle more licenses to pump Venezuela's oil [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Bloomberg News reported on Tuesday that the administration plans to roll back the sanctions first put in place against Venezuelan leader Nicolas Maduro. New licenses could come as soon as this week. “The President's team is working around the clock to ensure oil companies are able to make investments in Venezuela's oil infrastructure. Stay tuned!” Taylor Rogers, a White House spokeswoman, said in an emailed statement. The Treasury Department did not immediately respond to a request for comment. Since U.S. forces removed Maduro a month ago in a raid that killed 100 people , the Trump administration has taken steps to unwind the sanctions and make it easier for U.S. companies to do business in Venezuela without triggering severe financial penalties. The U.S. now wields control over Venezuelan oil and dictates to the post-Maduro government the terms under which it's sold. The revenue from those sales is then channeled into a U.S.-controlled account in Qatar, and eventually trans
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XOM
Earnings
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XOM
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- 2/2/26 - Form 4
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