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03.08.26 - 10:51
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Trump′s Venezuela Oil Push Hits A Roadblock (ZeroHedge)
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Trump's Venezuela Oil Push Hits A Roadblock
Venezuela's long-awaited oil revival has been slower than many in Washington anticipated., according to the Wall Street Journal.
Seven months after Nicolás Maduro's removal, negotiations between the interim government and major U.S. energy companies remain bogged down, with no landmark investment deals despite the country's vast crude reserves.
Rather than rushing back into the country, firms such as ExxonMobil and Chevron are taking a cautious approach. Executives remain wary of Venezuela's history of nationalizing foreign assets, unresolved compensation disputes dating back to the Chávez era, and lingering political uncertainty. As Francisco Monaldi of Rice University's Baker Institute put it, "They have been burned twice," making boards reluctant to approve multibillion-dollar projects unless the opportunity is exceptionally attractive.
Photo: WSJ
WSJ writes that competition has also complicated negotiations. Several companies ar...
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03.08.26 - 03:15
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ExxonMobil and Chevron Profits Swell, as Iran War Shores Up Oil Prices (AAStocks)
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ExxonMobil Holdings Corporation (XOM.US) and Chevron Corporation (CVX.US) announced last Friday that their 2Q profits swelled as oil prices were driven higher by the Iran war.Chevron's net profit soared to USD12 billion, up nearly 400% from USD2.5 billion in the same period last year. Adjusted EPS was USD6.06, beating Wall S......
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01.08.26 - 00:30
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US Stocks Rally To End Turbulent Month | The Close 7/31/2026 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are UBS Head of US Rates Strategy Phoebe White, Glide Identity Founder & CEO Eran Haggiag & Verizon Business Senior VP, Chief Product Officer Scott Lawrence, Rosenblatt Securities Senior Research Analyst & Managing Director Barton Crockett, Chevron CFO Eimear Bonner, Wells Fargo Investment Institute Global Asset Allocation Strategist Veronica Willis, First Founder & CEO Libby Leffler, Illumina CEO Jacob Thaysen, Most Valuable Promotions Co-Founders Jake Paul & Nakisa Bidarian, & Most Valuable Promotions CEO & Board Member John Martin, & Serhant CEO & Founder Ryan Serhant. (Source: Bloomberg)...
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