Exxon CEO calls Venezuela 'uninvestable'
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President Trump is meeting with big oil industry executives Friday afternoon as he pushes U.S. oil companies to invest in Venezuela.
The complex political situation in Venezuela could harm new investments and will likely keep big oil on the sidelines while the new Venezuelan oil power players emerge.
It was a week when both oil and natural gas prices logged steep losses. The headlines revolved around supermajor ExxonMobil XOM and Shell’s SHEL Q1 earnings updates. Developments associated with RPC Inc. RES, Equinor ASA EQNR and Matador Resources ...
US President Donald Trump looks on as he signs executive orders and proclamations in the Oval Office at the White House, in Washington, DC, US, on 5 May 2025.