Exxon Mobil

Exxon Mobil, a major US oil company, is newsworthy due to potential involvement in Venezuela's oil sector following recent US policy shifts. The Trump administration is actively encouraging US oil companies, including Exxon Mobil, to increase their presence and investment in Venezuela's vast oil reserves. This push comes after Venezuela's lawmakers approved an overhaul of the oil sector, potentially improving conditions for foreign companies. President Trump has urged oil companies to speed up work in Venezuela and has even suggested Venezuela will hand over a significant amount of oil to the US. However, the feasibility of these plans is uncertain due to infrastructure challenges, political instability, and legal uncertainties in Venezuela. While some smaller oil companies have already engaged with the administration, the largest US oil companies, including Exxon Mobil, have reportedly not yet had meetings with the government regarding these ventures. The situation is further complicated by claims from within the Trump administration suggesting the US has a historical claim to Venezuelan oil.