Exxon, Chevron Want In as Trump Remakes Global Oil Market

Exxon, Chevron Want In as Trump Remakes Global Oil Market

The U.S. is backing Exxon and Chevron as they negotiate in Venezuela, Iraq, Libya, Algeria, Azerbaijan and Kazakhstan, according to public announcements and people familiar with the talks.

Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In - Energy News, Top Headlines, Commentaries, Features & Events

By Kevin Crowley and Veena Ali-Khan Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world’s riskiest geopolitical hotspots, as President Donald Trump’s assertive foreign policy helps them strike deals. Venezuela, home to the world’s largest reserves, is the most high-profile opening ...

How Trump’s energy push is driving U.S. oil companies to think globally

President Donald Trump’s assertive foreign policy is reshaping the global oil map—and U.S. energy giants ExxonMobil and Chevron are moving quickly to capitalize, Bloomberg writes.  With domestic shale production nearing a plateau, the companies are pursuing new growth in OPEC-linked nations rich in oil but fraught with geopolitical risk, from Iraq and Libya to Kazakhstan and Venezuela.  Backed by the U.S. government, ExxonMobil and Chevron are g…