Trump 'inclined' to keep Exxon out of Venezuela
Digest more
Exxon Mobil CEO Darren Woods' emergence as an unofficial industry spokesman has put him at odds with Trump with his frank talk over Venezuela.
Exxon Mobil stock remains a "Buy" with a plan for $25 billion in earnings and $35 billion in cash flow by 2030. Learn more about the oil company's potential.
President Trump said he might block the oil company from drilling in Venezuela after Chief Executive Darren Woods described the countr
Exxon, ConocoPhillips (COP.N) and Chevron were for decades the most prominent partners of state company PDVSA, contributing to developing output at the vast Orinoco Belt, which is now the country's main oil region.
The president’s statement about Exxon is probably just the beginning of a long negotiation between the oil giants and the administration.
Exxon Mobil shows resilience, leads recoveries, trades on cycle profits, and reflects energy sentiment. Check out why XOM stock is a strong buy.