Exxon Mobil (XOM) CEO Darren Woods said the company is ready to evaluate a potential return to Venezuela, but believes the country was currently “uninvestable” and legal changes are needed, Sheila Dang and Jarrett Renshaw of Reuters reports. “It’s absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market,” Woods said, according to Reuters.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- The Week That Was, The Week Ahead: Macro and Markets, Jan. 11
- Chevron (CVX) Moves Forward in Venezuela as Exxon (XOM) and Conoco (COP) Hold Back
- Trump claims Venezuela to give U.S. 30M oil barrels worth about $4B, FT says
- Trump Weekly: President blasts institutional home buying, Defense buybacks
- Buy/Sell: Wall Street’s top 10 stock calls this week