Trump said he wants to keep ExxonMobil out of Venezuela, saying it was "playing too cute." Exxon CEO Darren Woods said on Friday that Venezuela is currently "uninvestable.
President Donald Trump on Sunday threatened to exclude Exxon Mobil from any oil deals in Venezuela, after the oil giant apparently didn't display enough enthusiasm during a Friday meeting at the White House.
The president said he didn't like comments from the company's CEO during a meeting Friday at the White House.
U.S. President Donald Trump said on Sunday that he might block Exxon Mobil from investing in Venezuela after the oil major's CEO called the country "uninvestable" during a White House meeting last week.
The CEO of ExxonMobil said Venezuela is "uninvestable" in its current state. Darren Woods' comments came during a meeting with President Donald Trump and oil execs on Friday.
Exxon Mobil (XOM) concluded the recent trading session at $124.61, signifying a +1.38% move from its prior day's close.
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.
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.
ExxonMobil warns that upstream earnings face pressure from lower oil prices, but its integrated model boosts refining gains to cushion profitability.
Exxon Mobil common stock has shown resilience by not declining materially despite persistent negative sentiment toward oil and gas. XOM's stock tends to lead industry recoveries. The Seeking Alpha quant system currently rates XOM as a hold. This reflects the sector's out-of-favor status.
XOM is building a low-carbon portfolio spanning CCS, hydrogen and lithium, with Gulf Coast projects aimed at stable, fee-based cash flows.
ExxonMobil warns Q4 upstream earnings may drop $800M-$1.2B on lower liquids prices, with gas swings and mixed impacts across product margins.