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Started By
Message
Exxon not interested in Venezuelan investment — Trump is not pleased.
Posted on 1/12/26 at 10:06 am
Posted on 1/12/26 at 10:06 am
quote:
U.S. President Donald Trump threatened to sideline Exxon Mobil from Venezuela’s energy market, saying he didn’t like their response to his calls for oil companies to quickly reenter the South American country. “I didn’t like Exxon’s response. You know we have so many that want it. I’d probably be inclined to keep Exxon out,” Trump told reporters onboard Air Force One on Sunday.
quote:
“They’re playing too cute,” he added.
His comments come shortly after Exxon CEO Darren Woods made headlines for saying at a White House meeting with Trump that the Venezuelan market is “uninvestable” in its current state. An Exxon spokesperson did not immediately respond to a request for comment. Shares of Exxon were down less than 1% in morning trading Monday. Speaking alongside several other American oil executives on Friday, Woods said Exxon would need to see “some pretty significant changes” if it was to reenter the country for a third time. Venezuela seized Exxon’s and ConocoPhillips ’ assets in 2007, and Caracas owes the companies billions of dollars in outstanding claims from arbitration cases.
https://www.cnbc.com/2026/01/12/oil-trump-venezuela-exxon-mobil-darren-woods.html
24
Posted on 1/12/26 at 10:08 am to loogaroo
Exxon got burned twice in Venezuela so can’t blame them for not wanting to jump back in.
Posted on 1/12/26 at 10:08 am to loogaroo
quote:I wonder whether multiple posters here might have predicted this response and been soundly attacked for that accurate prediction.
Exxon CEO Darren Woods made headlines for saying at a White House meeting with Trump that the Venezuelan market is “uninvestable” in its current state. An Exxon spokesperson did not immediately respond to a request for comment. Shares of Exxon were down less than 1% in morning trading Monday. Speaking alongside several other American oil executives on Friday, Woods said Exxon would need to see “some pretty significant changes” if it was to reenter the country for a third time. Venezuela seized Exxon’s and ConocoPhillips ’ assets in 2007, and Caracas owes the companies billions of dollars in outstanding claims from arbitration cases.
This post was edited on 1/12/26 at 10:10 am
Posted on 1/12/26 at 10:09 am to loogaroo
The CEO's job is to manage risks for the shareholders.
Posted on 1/12/26 at 10:11 am to loogaroo
I've always been a Texaco man.
Posted on 1/12/26 at 10:11 am to 14&Counting
quote:
Exxon got burned twice in Venezuela so can’t blame them for not wanting to jump back in.
That plus this:
quote:
The House Judiciary Committee released an interim report titled, “Sustainability Shakedown: How a Climate Cartel of Money Managers Colluded to Take Over the Board of America’s Largest Energy Company.” The interim report reveals how a cartel of the world’s largest financial institutions and climate activists colluded through climate alliances and initiatives to replace the ExxonMobil’s (XOM) board members after they refused to make a series of climate pledges.
https://www.nasdaq.com/articles/house-committee-report-shows-how-cartel-colluded-replace-exxon-board-members
Posted on 1/12/26 at 10:14 am to loogaroo
Id have to agree with Exxon. There is no way id invest in Venezuela in its current state of affairs. If the government is stabilized with free elections and the military is brought into line I might consider investment.
Posted on 1/12/26 at 10:14 am to TrueTiger
quote:
The CEO's job is to manage risks for the shareholders.
This is more than likely the board pressuring him more than the risks.
Posted on 1/12/26 at 10:16 am to sabbertooth
quote:
There is no way id invest in Venezuela in its current state of affairs.
Everyone knows this and we are at least several years out. You don’t go public like Exxon did unless you’re trying to be political.
Posted on 1/12/26 at 10:16 am to loogaroo
Some members of the Mobil Board-of-Directors have been poisoned with this Climate Change Global Warming absurdity. Plus they're big Obamacare advocates - their once great Retiree Medical Program is now full Obamacare-ish.
Sad - a once great Oil & Gas Energy Company being dismantled by a bunch of Woke Climate Change lunatics.
I don't buy their stinking gasoline anymore either.
Sad - a once great Oil & Gas Energy Company being dismantled by a bunch of Woke Climate Change lunatics.
I don't buy their stinking gasoline anymore either.
This post was edited on 1/12/26 at 10:22 am
Posted on 1/12/26 at 10:19 am to GeorgePaton
quote:
Some members of the Mobil Board-of-Directors have been poisoned with this Climate Change Global Warming absurdity.
That’s why I started this thread. They aren’t the same Exxon everyone remembers.
Posted on 1/12/26 at 10:21 am to loogaroo
I'd be pissed too if I were Exxon. Lost a ton of money.
This post was edited on 1/12/26 at 10:23 am
Posted on 1/12/26 at 10:25 am to RelentlessAnalysis
quote:
I wonder whether multiple posters here might have predicted this response and been soundly attacked for that accurate prediction.
Link it.
Posted on 1/12/26 at 10:26 am to 14&Counting
quote:
Exxon got burned twice in Venezuela so can’t blame them for not wanting to jump back in.
Trump should cut a deal that Exxon gets their initial lost investment back. That would entice them.
Posted on 1/12/26 at 10:29 am to loogaroo
This x10000
Everybody thinks that all this will be completed in less than a week. Why? Because everybody expects things to be done in a week and if it's not then it is a complete Trump failure
Everybody thinks that all this will be completed in less than a week. Why? Because everybody expects things to be done in a week and if it's not then it is a complete Trump failure
Posted on 1/12/26 at 10:39 am to loogaroo
We're still waiting on the President to fulfill his commitment to take over the Gaza Strip. Does the President consult with anyone before he makes these pronouncements?
Posted on 1/12/26 at 10:43 am to loogaroo
quote:
Exxon not interested in Venezuelan investment
They will be. Bookmark it.
Posted on 1/12/26 at 10:44 am to loogaroo
This is what negotiations look like.
Posted on 1/12/26 at 10:45 am to FLTech
quote:
Everybody thinks that all this will be completed in less than a week. Why? Because everybody expects things to be done in a week and if it's not then it is a complete Trump failure
Can't speak for others. Personally, since the military plans had been in the making for several months (and it showed), I assumed that the plans for how we were going to run Venezuela would have been similarly sophisticated.
It looks like the Administration is starting from scratch without much buy-in from Congress. How is the President going to fund this without Congress?
Posted on 1/12/26 at 10:46 am to loogaroo
So Trump thinks he can force a private business to invest in his boondoggle?
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