Trump has a good relationship with Venezuela but is unsatisfied with ExxonMobil

Summary

President Trump expressed satisfaction with cooperation with Venezuela but dissatisfaction with ExxonMobil’s response to the situation, preferring to exclude them from future dealings.Wallstreetcn

Impact Analysis

So, Trump is clearly frustrated with ExxonMobil’s cautious stance on Venezuela, which is understandable given the legal and commercial risks ExxonMobil has highlighted. This tension could signal a shift in U.S. oil policy, potentially favoring companies like Chevron, which is already operating in Venezuela. Trump’s push for $100 billion in investments to rebuild Venezuela’s oil sector is ambitious, but ExxonMobil’s reluctance underscores the significant risks involved, including past asset seizures and the need for a stable legal framework. The timing of this announcement, right after Trump’s executive order to protect Venezuelan oil revenues, suggests a strategic move to secure U.S. interests in the region. For investors, this could mean opportunities in companies more aligned with Trump’s vision, like Chevron, but also highlights the geopolitical risks of investing in Venezuela’s oil industry.Stheadline+ 3