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Market Chatter: Venezuela Seeks Details on Exxon Mobil's Trinidad Offshore Project
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Market Chatter: Venezuela Seeks Details on Exxon Mobil's Trinidad Offshore Project
Oct 28, 2025 11:49 AM

02:24 PM EDT, 10/28/2025 (MT Newswires) -- Venezuela is asking neighboring Trinidad and Tobago for the location and other information on Exxon Mobil's ( XOM ) planned initial field tests in a large offshore area recently awarded by the Caribbean country, Reuters reported Tuesday, citing two sources and a document.

Venezuela's oil ministry plans to ask the presidency to suspend a broad cooperation agreement with Trinidad, including joint gas projects under negotiation, signaling tensions between the countries, Reuters reported Monday.

Exxon Mobil ( XOM ) didn't immediately respond to request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 115.32, Change: -0.62, Percent Change: -0.53

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