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Started By
Message
re: Exxon not interested in Venezuelan investment — Trump is not pleased.
Posted on 1/12/26 at 5:51 pm to 14&Counting
Posted on 1/12/26 at 5:51 pm to 14&Counting
quote:
Exxon got burned twice in Venezuela so can’t blame them for not wanting to jump back in.
The second time was a Mobil investment approx 25 years ago developing a field and building an upgrader so it could supply the European market
0
Posted on 1/12/26 at 6:07 pm to 14&Counting
quote:
Exxon got burned twice in Venezuela so can’t blame them for not wanting to jump back in.
Seems like the Exxon CEO is looking after current shareholders......prudence is the proper approach.
Posted on 1/12/26 at 6:41 pm to Powerman
quote:
Texaco was notorious for being the cheapest MFs in the industry
Good jellybeans, though.
Posted on 1/12/26 at 6:42 pm to loogaroo
They are not interested, move on....plenty will be.
Posted on 1/12/26 at 6:43 pm to loogaroo
quote:
Exxon is the only one that balked.
Zero oil companies will invest in Venezuela without government guarantees. It would be the height of stupidity.
If Trump wants to get it done he will have to give US government guarantees in exchange for a cut of the revenues. But that means even less for Venezuela to use for rebuilding their infrastructure. That decreases stability and makes the deals even riskier.
This post was edited on 1/12/26 at 6:45 pm
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