exxon

A massive rift has opened between the White House and Big Oil. President Donald Trump has threatened to permanently block ExxonMobil ($XOM) from operating in Venezuela after the company’s CEO, Darren Woods, publicly described the nation as "uninvestable".
​🇺🇸Trump, speaking from Air Force One, didn't hold back: "I didn’t like Exxon’s response... I’ll probably be inclined to keep Exxon out. They’re playing too cute".
​BREAKDOWN🔻
​Exxon’s CEO Darren Woods reminded the administration that Venezuela has seized Exxon's assets twice in the past (Chávez era). He demands "significant legal and commercial changes" before committing a single dollar.
🇺🇸🇻🇪​President Trump demanded a $100 Billion private-sector investment to rebuild Venezuela’s oil infrastructure following the Venezuelan invasion .
He insists companies will be "completely safe" because they are now dealing directly with the U.S. government, and not the previous regime.
​📉 Now the headline hit Exxon($XOM) where it hurts—shares slipped in pre-market trading on Monday, January 12, following the weekend’s comments.
​After closing Friday at $124.62, the stock is facing downward pressure as investors weigh the loss of the world’s largest proven oil reserves against the risk of Trump’s "exclusion list".
​⚠️ There's a New Energy Hierarchy in South America.
​If Exxon is out, who gets the "Golden Ticket" to the 300 billion barrels of oil?
​Now Unlike Exxon, Chevron never fully left Venezuela. They are already producing 240,000 barrels/day and have signaled they can "boost output by 100% essentially immediately".
​In his interviews Trump had mentioned "so many" other oil companies are eager to enter the race.
Watch for smaller, high-risk firms or European majors like Repsol and Eni to scramble for the contracts if Exxon is hesitating to sign.
While Trump’s cabinet is targeting a $50/bbl oil price to crush inflation, if he can force production without Exxon, it could lead to a global supply glut that suppresses energy stocks across the board in 2026.
​Exxon is prioritizing its balance sheet; Trump is prioritizing his legacy. If Exxon remains in the "dog house," expect a massive capital rotation into Chevron.
​#Exxon #VenezuelaOil l #EnergyNews #Macro2026 #Chevron
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