President Trump may block Exxon Mobil (XOM) from drilling in Venezuela after the company’s CEO said the country was “uninvestable” without significant commercial and legal changes, Annie Linskey of The Wall Street Journal reports. “I’ll probably be inclined to keep Exxon out,” Trump said, according to Reuters. “I didn’t like their response. They’re playing too cute.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- 9 Stocks that Will Benefit from a ‘Free Iran’ if Iran’s Current Regime Topples
- Trump Might Block ExxonMobil from Venezuela Oil Deals after CEO Pushback
- Big Oil Tells Trump Venezuela Is Still “Uninvestable” — Except for Chevron
- Exxon Mobil CEO believes Venezuela is currently ‘uninvestable,’ Reuters says
- The Week That Was, The Week Ahead: Macro and Markets, Jan. 11