The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
Category: Exxon Mobil Corp
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$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure
During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.
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Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception
President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.
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Venezuela’s Oil Industry: A Timeline of Key Events
The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.
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Wary of Investing in Venezuela, Big Oil Heads to the White House
The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.
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The (Many) Wrinkles in Trump’s Vision for Venezuela
President Trump appears committed to laying claim to Venezuelan oil for a long time. But there are plenty of reasons for U.S. businesses to be wary.
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Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan
Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
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Oil Stocks Rally as Investors Bet on Return to Venezuela
The energy sector of the S&P 500 rose 2.9 percent on Monday, lifting the broader market.
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How Nicolás Maduro’s Capture Could Reshape the Global Order
The U.S. seizure of Venezuela’s president has governments, executives and investors bracing for wide-reaching business and geopolitical fallout.
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How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains
After spending nearly $50 billion to expand the country’s Tengiz oil field, Chevron and its partners encounter more uncertainty.