Trump Dislikes ExxonMobil's Response

Summary

President Trump expressed dissatisfaction with ExxonMobil’s response regarding investment in Venezuela, indicating a preference to exclude the company from related ventures.Zhitong+ 3

Impact Analysis

So, Trump is basically signaling a hardline stance on Venezuela, pushing for U.S. oil companies to invest heavily despite the risks. ExxonMobil’s CEO Woods is playing it cautious, citing the need for significant legal and commercial reforms before considering any investment. This clash highlights a strategic divergence—Trump wants immediate action to rebuild Venezuela’s oil infrastructure, while ExxonMobil is wary of the unstable environment and past asset seizures. The timing is interesting, given the recent push for U.S. energy dominance. If Trump follows through on his threat to exclude ExxonMobil, it could open opportunities for other players like Chevron, but also increase geopolitical tensions. Bottom line—watch for shifts in oil market dynamics and potential volatility in energy stocks as this unfolds.money.udn.com+ 4