ExxonMobil has exited its operations in Venezuela due to nationalization under Hugo Chavez and is hesitant about returning.

The entities involved

• ExxonMobil →

  American multinational oil and gas corporation

  • ExxonMobil, Berkshire Hathaway, and Eli Lilly are top holdings in the Avantis ETF.Mon 17:18
  • ExxonMobil will operate an unconventional hydrocarbon project in Azerbaijan, following an announcement by Rovshan Najaf.Mon 15:01
• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26

Related events

• Venezuela is discussing ownership stakes in its oil resources and considering an exit from OPEC due to political shifts.Aug 28
• Donald Trump used Venezuela as a cautionary tale for policy, discussing its leadership during the rise of socialism and its role as a champion of freedom.Sep 20
• The Trump administration guided economic transition in Venezuela, while CAF and IRC discussed funding recovery efforts.Jul 13
• Trump announced a deal on Venezuelan oil reserves, confirmed by Delcy Rodriguez, involving major refiners like Chevron and ExxonMobil.Sep 1
• Oil market trends in Latin America are shaped by sanctions, regional growth in Guyana, and the performance of major national oil companies.Jul 21