U.S. begins selling Venezuelan oil, taking in $500 million [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
was valued at $500 million, according to the Trump administration. It came less than two weeks after U.S. forces captured Venezuelan leader Nicolas Maduro to face drug trafficking charges in the U.S. President Donald Trump positioned himself as Venezuela's administrator-in-chief in the days following the raid. Trump and his top lieutenants are laboring to encourage Western oil executives to invest at least $100 billion to rev up Venezuela's languishing oil sector, now producing just under one million barrels per day. It's less than half of its daily production levels in the early 2000s, crippled from mass firings of technical experts and government mismanagement. The largest U.S. oil companies like ExxonMobil are holding off on major investment commitments for now. Energy Secretary Chris Wright said last week the U.S. plans to control Venezuelan oil sales "indefinitely." For the time being, the Trump administration is slowly dialing back its sanctions, even as it continues seizi
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XOM
News
- Oil Prices Fall Over 3% as Iran Tensions Ease. How Exxon, Chevron Stocks Are Trading. [Barron's]Barrons
- Trump officials eye private security contractors to safeguard oil assets in Venezuela [CNN]CNN
- Trump officials eye private security contractors to safeguard oil assets in Venezuela [CNN]CNN
- The US has officially started selling Venezuelan oil [Yahoo! Finance]Yahoo! Finance
- The US has officially started selling Venezuelan oil [CNN]CNN
XOM
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- 10/31/25 - Beat
XOM
Sec Filings
- 1/7/26 - Form 8-K
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- XOM's page on the SEC website