Khadija Saeed

Exxon Mobil Corp shares will be in focus when U.S. markets reopen on Monday after President Donald Trump said American oil companies were ready to spend billions of dollars to revive Venezuela’s oil infrastructure following the capture and removal of President Nicolas Maduro. Chevron is the only U.S. major currently operating in Venezuela, while Exxon and ConocoPhillips exited after projects were nationalized nearly two decades ago. “There are still many questions that need to be answered about the state of the Venezuelan oil industry, but it is clear that it will take tens of billions of dollars to turn that industry around,” said Peter McNally, global head of sector analysts at Third Bridge.