US Oil Majors Hedge on Venezuela: From Caution to Uninvestable
#oil #venezuela #investing #sanctions #regulations
Oil majors weigh Venezuela's risk, with Exxon calling it uninvestable amid sanctions and opaque regulations.
Exxon Mobil Corporation, commonly known as **ExxonMobil** or **Exxon**, is one of the world’s largest publicly traded energy and petrochemical companies, supplying fuels, chemicals, lubricants, and lower‑emissions technologies to customers globally.[2][5] Headquartered in Spring, Texas, it is the largest U.S.-based oil and gas company and ranks among the biggest companies worldwide by revenue.[3] The company in its current form was created in **1999** through the merger of Exxon and Mobil, the principal successors to John D. Rockefeller’s Standard Oil, giving it deep historical roots in the modern petroleum industry.[3] ExxonMobil is **vertically integrated**, spanning the entire value chain from oil and gas exploration to refining, chemicals, and advanced materials, as well as shipping and specialized subsidiaries.[3] Its business is organized into three main segments: **Upstream**, focused on low-cost, high-return oil and natural gas production; **Product Solutions**, which integrates refining and chemicals to produce fuels, lubricants, plastics, and performance chemicals; and **Low Carbon Solutions**, which develops carbon capture and storage (CCS), hydrogen, and biofuels for industrial customers.[2][4] The upstream portfolio includes major positions in the **Permian Basin**, Guyana, and global LNG, which the company highlights as advantaged, high-margin assets.[1][3][4] Key achievements include building the world’s first large-scale end‑to‑end CCS system on the U.S. Gulf Coast and planning what is expected to be the world’s largest low‑carbon hydrogen facility in Baytown, Texas.[3][4] Recent strategy updates project strong earnings and cash-flow growth through 2030, driven by these core resource plays and technology‑driven projects.[4][6] Today, ExxonMobil positions itself at a geopolitical and technological crossroads: still a **formidable oil and
#oil #venezuela #investing #sanctions #regulations
Oil majors weigh Venezuela's risk, with Exxon calling it uninvestable amid sanctions and opaque regulations.