.webp)
As other oil executives lavished President Trump with praise at the White House, Exxon Mobil CEO Darren Woods bluntly said the Venezuelan oil industry is currently “uninvestable,” and that major reforms are required before even considering committing the many billions of dollars required to revitalize the country’s dilapidated crude business.
Trump threatens to keep ‘too cute’ Exxon out of Venezuela after CEO provides reality check on ‘uninvestable’ industry
Full Post
As other oil executives lavished President Trump with praise at the White House, Exxon Mobil CEO Darren Woods bluntly said the Venezuelan oil industry is currently “uninvestable,” and that major reforms are required before even considering committing the many billions of dollars required to revitalize the country’s dilapidated crude business.
Read Now
Sponsored
PEP Library
Explore Our Latest Insights
Visit page
Escalating tensions involving Iran have sharply reduced tanker traffic through the Strait of Hormuz, a critical route that carries roughly 20% of the world’s oil supply.
Visit page
Dan Pickering, founder and CIO of Pickering Energy Partners, discusses the impact of Middle East tensions on global energy markets.
Visit page
A joint U.S. and Israeli attack on Iran killed its supreme leader and ignited wider regional conflict, yet crude oil prices rose by a relatively muted ~6% on March 2.
Visit page
Dan Pickering, founder and CIO of Pickering Energy Partners, discusses the impact of Middle East tensions on oil supply.
Visit page
Dan Pickering discusses how energy-company relocations are reinforcing Houston’s dominance and boosting its real estate market in a Bloomberg interview.
Visit page
As the U.S. mounts its largest military buildup since 2003, experts warn tensions with Iran could send gas prices plunging to $2.50 or soaring to $5.
Visit page
Opportune LLP acquires Pickering Energy Partners’ Consulting & Advocacy practice, expanding sustainability and energy advisory services.
Visit page
Rising electricity and gas bills are hitting households nationwide as utilities win rate hikes, aging power grids need upgrades, and growing energy demand and natural gas prices push costs higher.
Visit page
Resman Energy Technology Sold to SLB
Visit page
Oilfield services group SLB is in position to win some of the first contracts under Donald Trump’s plan to revive Venezuela’s ailing oil industry, capitalising on its century long presence in the Caribbean nation.
Visit page
Texas oilman Rod Lewis has made millions drilling in places even other wildcatters find too dangerous.But when he flew to Venezuela in 2024, he encountered an opportunity that was as treacherous—and possibly as profitable—as any in the world.
Visit page
Exxon stock hit a record on Tuesday, rising 1.5% to $125.94. The oil giant is winning the hearts of investors, even as it’s getting the cold shoulder from the president.
Ready to get started?
Contact our specialized teams at PEP for more information.