Exxon shareholders can look forward to seeing their strock rise (if the market is not rigged) after the CEO Darren Woods refused to waste 10s of billions if not 100s of billions of the company s money as well as risk the lives of its execs to satisfy the vanity of Donald Trump.
Trump may soon be out of office, impeached and in prison. But Exxon and its shareholders and execs would have to bear for years, even decades the conseuences of joining Trump in his crazy Venezuela plan.
Reviving Venezuela s oil indstury in the current conditions is like reviving the Lost City of Atlantis, buried somewhere in the fabled Bermuda triangle.
Let the grovelling CEO of Chevron sink his company in the search to produce more oil from Venezuela.
What is the 100 billion of tax payers money which Trump offered the oil companies, according to media, when they could lose large numbers of highly skilled, experienced execs to paramilitaries and resignations and have their reputations ruined?
Exxon may have to pay billions for security alone after the Senate put is foot down and put an obstacle to Trump sending thousands of US troops into Veneyuela, which will make Vietnam look like a stroll in the park.
As for Woods, he should get a big bonus for being "too clever" for Trump and protecting the company s core interests despite being bullied by Nero 2.0 in the White House.
It shows the upside down thinking of Trump that the most competent, professional, responsible, efficient, objective, and realistic oil exec is branded too clever for him and bullied for not going along with his crazy plans.
From media
During discussions on Venezuela's future, Woods expressed significant reservations, describing the country as "uninvestable" under its current legal framework. The executive emphasized that comprehensive reforms and reliable security guarantees would be prerequisites for any capital commitment, referencing the seizure of Exxon assets nearly two decades ago.
President Trump's response, delivered publicly on Sunday, was notably critical. He expressed dissatisfaction with the company's position, suggested Exxon was attempting to be "too clever," and hinted that the firm could be excluded from future business opportunities in Venezuela. In contrast, the President indicated a preference for competitors like Chevron, which have signaled intentions to ramp up production swiftly.
https://www.ad-hoc-news.de/boerse/news/ueberblick/exxon-mobil-faces-political-headwinds-following-venezuela-remarks/68480021
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