Exon Mobile V.S. Chevron Venezuela
Exon Mobile V.S. Chevron Venezuela Recent events and how Corporations control our economy Week 2 Assignment Arguments for and against concerning Venezuela's resources Venezuela's oil is not your average oil Oil price drops (1/15/26) Increasing oil output will take years Undoing corruption in the country Chevron's Interests What I find most interesting about the recent events in this little country is not so much the corrupt president or the also corrupt officials, but how, even today, there is only one major oil company pumping and shipping crude oil out of that little country. I want to explore how Chevron's gamble now seems to have paid off. In January 2026, Chevron's interest in Venezuelan oil reached a critical turning point following the removal of former President Nicolás Maduro by U.S. forces . As the only U.S. oil major that maintained a continuous presence in the country, Chevron is now positioned to make major returns in the years it has spent there. Ma...