Trump Inclined to Exclude ExxonMobil from Venezuela Investment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Investment Uncertainty: President Trump expressed an inclination to exclude ExxonMobil from investing in Venezuela due to skepticism from its executives regarding the investment outlook, highlighting concerns about the investment climate in the country.
- Policy Protection Measures: Trump signed an executive order to ensure that Venezuelan oil revenues are protected from judicial proceedings, aiming to maintain U.S. economic and political stability in the region, reflecting a high level of concern about the situation in Venezuela.
- Market Confidence Lacking: ExxonMobil CEO Darren Woods stated that the current commercial frameworks in Venezuela render it 'uninvestable', indicating a lack of confidence among U.S. oil companies in rebuilding the country's infrastructure.
- Strategic Priority: The Trump administration views attracting U.S. oil companies to invest in Venezuela as a top priority for rebuilding the country's infrastructure, demonstrating a long-term economic strategy in the region.
Analyst Views on XOM
Wall Street analysts forecast XOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 131.08 USD with a low forecast of 115.00 USD and a high forecast of 156.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 122.910
Low
115.00
Averages
131.08
High
156.00
Current: 122.910
Low
115.00
Averages
131.08
High
156.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
