Exxon Mobil stock in focus as CEO calls Venezuela “uninvestable” while keeping return option alive
New York, January 10, 2026, 10:43 EST — Market closed Exxon Mobil Corp (XOM) shares ended Friday up 1.38% at $124.61. CEO Darren Woods said the company is ready to consider reentering Venezuela, but described the country as “uninvestable” given its current regulations. At the same White House meeting, Chevron’s Mark Nelson claimed the oil giant could double its “liftings”—crude cargo shipments—and boost production by roughly 50% within 18 to 24 months. The Venezuela factor is crucial now, hitting as Washington aims to revamp the country’s oil industry and possibly redirect more heavy crude to U.S. refineries. For oil stocks,