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"Uninvestable": Trump's $100 Billion Venezuela Gamble Meets Oil Industry Reality President Donald Trump's push for U.S. oil companies to commit at least $100 billion toward rebuilding Venezuela's energy industry is meeting significant resistance from the very executives he is courting, according to Bloomberg. Although the White House projects confidence, industry leaders are warning that Venezuela remains too unstable for major investment, with Exxon Mobil CEO Darren Woods describing the country bluntly as “uninvestable.” At a closed-door meeting Friday with roughly 20 energy executives, Trump said he expected an agreement “today or very shortly thereafter” to restart large-scale drilling in Venezuela following the removal of Nicolás Maduro. He applied direct pressure, telling the group, “If you don't want to go in, just let me know, because I've got 25 people that aren't here today that are willing to take your place.” Publicly, many executives praised the opportu...

Exxon's CEO says the South American country is currently “uninvestable” and plans to send a technical team to assess the situation....

President Trump has urged major US oil companies to invest at least $100 billion in Venezuela's oil sector, a proposition that has been met with skepticism by industry leaders. read more...

This collapse is central to the scepticism voiced by oil companies. Restoring production on a meaningful scale is not a matter of restarting wells. It would require rebuilding pipelines, upgraders, refineries, power supply and skilled manpower, all of which demand long-term capital commitments....

The CEOs of Exxon and Conoco are wary of returning to Venezuela. Chevron is ready to quickly ramp up production....

Bei einem Treffen im Weißen Haus versuchte Präsident Trump am Freitag, US-Unternehmen vom Wiederaufbau der Ölindustrie in Venezuela zu begeistern. Vor allem Großkonzerne wie Exxon und ConocoPhillips sind aber sehr zurückhaltend... --- Trump sagte bei dem Treffen, die USA würden den Konzernen zudem Schutz für Personal und Anlagen sowie finanzielle Garantien für ihre Investitionen in Aussicht stellen. Zudem hatte Energieminister Chris Wright (60) die Möglichkeit ins Spiel gebracht, die US-Export-Import-Bank zur Finanzierung ‌großer Ölprojekte einzusetzen.. --- ExxonMobil-Chef Darren Woods (60) etwa warnte, dass Venezuela ohne „signifikante Veränderungen“ weiterhin „uninvestierbar“ bleibt.. --- Bei dem Treffen anwesende kleinere, unabhängige Unternehmen dagegen zeigten sich bereit, in dem Land zu investieren.. --- Laut Trump habe Venezuela zugestimmt, die Erlöse aus dem Verkauf seines ⁠Öls ​ausschließlich für den Kauf von Waren aus amerikanischer Produktion zu verwenden..

Country is 'uninvestable' today, president told, but CEOs signal they are ready to spend with supportDonald Trump promised oil giants “total safety, total security” in Venezuela in an effort to persuade them to invest $100bn in the country's infrastructure after US forces toppled Nicolás Maduro from power.At a roundtable press conference at the White House on Friday afternoon with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhilips, the US president doubled down on claims that Maduro's arrest presents American oil companies with an unprecedented opportunity for extraction. Continue reading......

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Exxon Mobil (XOM) concluded the recent trading session at $124.61, signifying a +1.38% move from its prior day's close....

Exxon's CEO says the South American country is currently 'uninvestable' and plans to send a technical team to assess the situation....

Exxon Mobil Corp. Darren Woods says the company is taking a long-term view on Venezuela after meeting with President Donald Trump at the White House. (Source: Bloomberg)...

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With Venezuelan oil back in the spotlight, should you buy Exxon, Chevron or ConocoPhillips?...

XOM signs an MoU with Turkey's oil company to explore the untapped Black Sea and Mediterranean areas for oil and gas, using its expertise....

Exxon (XOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report....

ExxonMobil warns that upstream earnings face pressure from lower oil prices, but its integrated model boosts refining gains to cushion profitability....

Happening Today: Trump Meeting With US Oil Execs From Exxon, Shell, Others, To Discuss Venezuela President Trump is convening top oil executives at the White House on Friday as part of a push to steer U.S. companies toward investing in Venezuela's struggling oil industry, CBS reported today. Leaders from Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp are expected to attend, along with Secretary of State Marco Rubio, Energy Secretary Chris Wright and Interior Secretary Doug Burgum. Wright has already held separate talks with several executives earlier in the week. According to the White House, the discussions will center on “investment opportunities that will restore Venezuelan oil infrastructure.” Trump has argued that Venezuela's vast oil reserves could help revive its economy while also benefiting U.S. consumers and energy companies. In a recent intervie...

President Donald Trump has invited U.S. oil companies to a meeting at the White House on Friday, which is expected to begin at 2:30 p.m. Eastern time....

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