economy

January 14, 2026

Exxon Mobil hit a record after Trump threatened to cut it out of Venezuela

Exxon isn't rushing back to Venezeula, but it stands to benefit in other ways.

Exxon Mobil hit a record after Trump threatened to cut it out of Venezuela

TL;DR

  • Exxon Mobil stock reached record highs despite President Trump's statement about keeping the company out of Venezuela.
  • Exxon CEO Darren Woods told President Trump that Venezuela is 'uninvestable'.
  • Analysts suggest Exxon's stock rise is primarily due to its strong business performance and strategic investments in oil production (Guyana, Permian Basin) and LNG.
  • Shareholders prefer Exxon to focus on high-return, low-risk projects after past negative experiences in Venezuela.
  • Exxon could benefit indirectly from U.S. intervention in Venezuela by processing increased supply of heavy, sour crude.
  • The company's strong balance sheet, growing earnings, and diversified investments differentiate it from peers.

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