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Exxon Mobil (XOM) Eyes Venezuela Oil Amidst Potential OPEC Exit

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Venezuela may leave OPEC, potentially opening its vast oil reserves to U.S.
  • companies.
  • Chevron is best positioned for this opportunity, already having a head start and existing operations.
  • Exxon Mobil is mentioned as a likely competitor for future Venezuelan field-development projects.
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XOM price history

168.24 +49.87% over the displayed period

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