Page 1
Page 1
Started By
Message

What's going to happen with my Exxon stock tomorrow?

Posted on 1/4/26 at 12:58 pm
Posted by BamaGradinTn
Murfreesboro
Member since Dec 2008
28847 posts
Posted on 1/4/26 at 12:58 pm
"ExxonMobil and ConocoPhillips exited Venezuela in 2007 and later filed claims against the government in international arbitration courts. Those courts ultimately ruled in favor of the companies, ordering Venezuela to pay ConocoPhillips more than $10 billion and ExxonMobil more than $1 billion.

While precise figures are difficult to verify since Venezuela has not published comprehensive debt statistics in years, the International Monetary Fund estimates the country’s economy will total about $82.8 billion in 2025.

Debt levels, however, stand at nearly 200% of that total, meaning Venezuela owes nearly two dollars for every dollar it produces"

LINK

Posted by notiger1997
Metairie
Member since May 2009
61493 posts
Posted on 1/4/26 at 1:02 pm to
I don’t think it will move much either way.
It will be a long time before they will get any money back or be able to get in there and start operations up to their standards in any meaningful way.
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
31726 posts
Posted on 1/4/26 at 1:05 pm to
Disagree - stocks will rise on positive news and future expectations, how long they stay up is a different question
Posted by aTmTexas Dillo
East Texas Lake
Member since Sep 2018
23024 posts
Posted on 1/4/26 at 1:07 pm to
I read that oil companies have made no comment on Venezuela. The people who run those companies are smart. At this time there is no favorable governing structure in Venezuela. No US company is going to invest dollars there until it is stable with a favorable government and terms.
As an aside, Trump talks about it like it's our oil. But it is Venezuelas.
Posted by Timeoday
Easter Island
Member since Aug 2020
18392 posts
Posted on 1/4/26 at 1:07 pm to
quote:

Debt levels, however, stand at nearly 200% of that total, meaning Venezuela owes nearly two dollars for every dollar it produces" uot;


Once they get the Orinoco flowing again, that debt will be erased quickly.
Posted by lurking
Member since Nov 2022
976 posts
Posted on 1/4/26 at 1:07 pm to
Nothing tomorrow. Sell what you may have in Cenovus or any other Canadian oil companies.

Those guys are screwed.
Posted by TigerV
Member since Feb 2007
2862 posts
Posted on 1/4/26 at 1:12 pm to
I don’t see anything popping tomorrow. Maybe a slight increase, but there is so much uncertainty that it will be months before anything can become concrete. Even if a US backed government gets installed.

On re-starting production, those facilities have been so mismanaged for so long it will take a while to get any meaningful increase in production.
Posted by TigerV
Member since Feb 2007
2862 posts
Posted on 1/5/26 at 5:01 am to
Well I was wrong
CNBC Chevron Pops
Posted by RCDfan1950
United States
Member since Feb 2007
38838 posts
Posted on 1/5/26 at 5:26 am to
“ As an aside, Trump talks about it like it's our oil. But it is Venezuelas.”(quote Ttd).

Trump will get our guys in there to get the oil flowing and assure that they are PAID what the.Nationalization took from them. Plus the cost of upgrading production. And once again the Venezuelan people will make bank.

Like Charles Krauthamer said “everything depends on politics; get your politics wrong and it all goes down from there”. (God rest his soul. Good man).
Posted by AUJACK
Member since Sep 2020
1059 posts
Posted on 1/5/26 at 5:39 am to
quote:

Disagree - stocks will rise on positive news and future expectations, how long they stay up is a different question


This is correct. Oil stocks are surging in Pre-Maket open, as for the near future who knows. The oil companies don't lose money so either way it's a good investment.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram