Exxon Mobil - Febspot

Exxon Mobil

A collection of 16 posts

Chevron, Exxon report lowest annual profits as Chevron highlights Venezuela potential — Static01.nyt.com

Chevron, Exxon report lowest annual profits as Chevron highlights Venezuela potential

Chevron and Exxon Mobil reported their lowest annual profits in years on Jan. 30, 2026, and Chevron’s finance chief praised Venezuela’s oil assets as the companies prepared conference calls to discuss their 2025 results later that morning. Chevron’s chief financial officer, Eimear Bonner, said in an interview

U.S. pushes to tap Venezuelan oil after capture of Maduro, but industry balks — Static01.nyt.com

U.S. pushes to tap Venezuelan oil after capture of Maduro, but industry balks

After U.S. troops captured Venezuela’s president, Nicolás Maduro, the Trump administration has pressed to secure Venezuelan oil, urging a rapid rebuild of the country’s oil industry at a White House meeting with energy executives and beginning to sell 50 million barrels that had been trapped, my colleague

Trump and oil majors clash over investing in Venezuela's heavy crude — Static01.nyt.com

Trump and oil majors clash over investing in Venezuela's heavy crude

President Trump said he would "probably be inclined to keep Exxon out" after Exxon Mobil chief Darren Woods described Venezuela as "uninvestable" at a White House event, highlighting a wider dispute over whether U.S. oil companies should invest in Venezuela. Mr. Trump has promised that

Trump's bid for Venezuelan oil meets corporate reluctance and market realities — Static01.nyt.com

Trump's bid for Venezuelan oil meets corporate reluctance and market realities

President Trump has pushed to take control of Venezuelan oil as part of a White House drive for “energy dominance,” hosting oil executives and declaring “We are open for business” after the U.S. operation that seized Venezuela’s leader, Nicolás Maduro, on Jan. 3, the Times reported. Administration officials

Supreme Court to decide whether Louisiana coastal suits belong in federal court — Static01.nyt.com

Supreme Court to decide whether Louisiana coastal suits belong in federal court

The Supreme Court is set to hear arguments on Monday over whether more than 40 lawsuits brought by Louisiana officials against oil and gas companies should remain in state court or be moved to federal court. The companies, led by Chevron and Exxon Mobil, argue the cases fall under the

Oil executives voice reservations about Trump’s $100 billion Venezuela plan — Static01.nyt.com

Oil executives voice reservations about Trump’s $100 billion Venezuela plan

President Trump convened oil industry leaders at the White House to discuss taking charge of Venezuela’s oil industry, but several executives signalled deep reservations. At the highly staged meeting, Exxon Mobil chief Darren Woods said his company had its assets seized in Venezuela twice and called re-entering the country

Trump urges U.S. oil firms to accelerate work in Venezuela — Static01.nyt.com

Trump urges U.S. oil firms to accelerate work in Venezuela

President Trump on Friday pressed American energy executives at the White House to rapidly tap Venezuela’s oil reserves, speaking hours after U.S. forces intercepted another tanker carrying Venezuelan oil in the Caribbean Sea. The administration has sought to control Venezuela’s oil exports, and the tanker — the Olina

Trump urges $100 billion oil investment in Venezuela; executives express reluctance — Static01.nyt.com

Trump urges $100 billion oil investment in Venezuela; executives express reluctance

President Trump met with oil and gas executives at the White House on Friday to press the biggest U.S. and European oil companies to invest at least $100 billion in Venezuela, but many of the executives signalled reluctance to commit. Smaller businesses and some traders or refiners have been

U.S. energy executives to meet Trump after his call for investment in Venezuela — Static01.nyt.com

U.S. energy executives to meet Trump after his call for investment in Venezuela

President Trump will meet on Friday with executives from major U.S. energy companies after he said they would “spend billions of dollars” and “take back the oil” in Venezuela, remarks that executives said left them unprepared to commit to large-scale investments. Administration officials have since rushed to gauge companies’

Trump administration moves to control Venezuelan oil to lower prices — Static01.nyt.com

Trump administration moves to control Venezuelan oil to lower prices

President Trump’s administration is pushing to exert control over Venezuela’s oil industry and use the country’s petroleum reserves to drive prices down toward $50 a barrel, offering U.S. drillers the chance to resume operations after the ouster of Nicolás Maduro, The New York Times reported. Details

Senate Democrats seek oil companies’ records on Venezuela oil plans — Static01.nyt.com

Senate Democrats seek oil companies’ records on Venezuela oil plans

Senate Democrats on Wednesday launched an investigation, asking major U.S. oil companies to disclose any meetings with the Trump administration about plans to control Venezuela’s oil industry. Five lawmakers sent letters to the chief executives of eight major oil companies asking them to disclose all meetings with administration

Claims by oil majors that Venezuela owes billions complicate U.S. investment push — Static01.nyt.com

Claims by oil majors that Venezuela owes billions complicate U.S. investment push

Western oil companies including Exxon Mobil and ConocoPhillips say Venezuela owes them tens of billions of dollars for assets seized two decades ago, a dispute that could complicate President Trump’s efforts to encourage U.S. firms to produce more oil in the country after Nicolás Maduro was captured by

U.S. capture of Nicolás Maduro raises questions about oil and global order — Static01.nyt.com

U.S. capture of Nicolás Maduro raises questions about oil and global order

U.S. forces captured Nicolás Maduro in Venezuela this weekend, an audacious seizure that officials and business leaders say could redraw the global order and alter access to Venezuela’s oil and mineral resources. Global markets moved only modestly, with U.S. oil giants such as Chevron and Exxon Mobil

Trump’s push to bring U.S. oil firms back to Venezuela faces long, costly recovery — Static01.nyt.com

Trump’s push to bring U.S. oil firms back to Venezuela faces long, costly recovery

President Trump has urged U.S. oil companies to return to Venezuela after the ouster of President Nicolás Maduro, but industry and political obstacles mean a revival of the country’s oil sector will not be quick or inexpensive. Analysts and former executives say a handful of Western producers could

Kimberly Guilfoyle, U.S. ambassador to Greece, becomes focus of attention in Athens — Static01.nyt.com

Kimberly Guilfoyle, U.S. ambassador to Greece, becomes focus of attention in Athens

Kimberly Guilfoyle, the United States ambassador to Greece, has become a prominent figure in Athens, attracting media attention for her social life and an active role in advancing American business and energy interests in the country. Her arrival was high profile — she landed on a private jet, appeared on the

Massive Tengiz Expansion Raises Stakes for Chevron and Kazakhstan — Static01.nyt.com

Massive Tengiz Expansion Raises Stakes for Chevron and Kazakhstan

After roughly a decade of work and nearly $50 billion in spending, Chevron and its partners have boosted output at Kazakhstan’s Tengiz oil field to about one million barrels a day. Tengiz sits more than two miles underground in porous reef rocks and is estimated by Tengizchevroil to contain