ExxonMobil in discussions regarding investment in Venezuelan oil fields
XOM ExxonMobil Holdings Corp
$168.94 +0.26%
View chart & analysis → - 1ExxonMobil is conducting discussions to invest in several oil fields in Venezuela.
- 2Venezuela's daily production of 1.2 million barrels in August is below the all-time daily high of 3.5 million barrels in December 1997.
- 3ExxonMobil projected annual profit growth of $25 billion through 2030, excluding Venezuela.
So what's the key point?
ExxonMobil is discussing investing money in Venezuelan oil fields. Venezuela's oil production is currently lower than its previous peak of 3.5 million barrels.
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