January 14, 2026 [Yahoo Finance]- Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.

The plunge in global crude oil prices has taken its toll on Exxon Mobil Corporation (NYSE:XOM), and the company announced on January 7 that the lower prices could reduce its Q4 2025 upstream earnings by as much as $1.2 billion compared to the previous quarter. It needs mentioning that Brent crude futures fell by 19% in 2025, posting their third straight year of losses, while the WTI crude prices dipped nearly 20% YoY. According to LSEG, Wall Street analysts now expect Exxon to report adjusted earnings of $1.66 per share in its Q4 report later this month, down from $1.88 per share in the previous quarter.

Exxon Mobil Corporation (NYSE:XOM) is among the list of companies that were forced to exit Venezuela after then-President Hugo Chávez nationalized the country’s oil industry in 2007. As a result, the South American country now owes Exxon around $2 billion in arbitration claims. However, according to US Energy Secretary Chris Wright, while those claims need to be paid, they are not an immediate priority.

Despite its troubled past in the country, Exxon Mobil Corporation (NYSE:XOM) was recently invited by President Trump to invest again in Venezuela and help revive its oil industry. The company now understandably remains cautious, and its CEO, Darren Woods, even called Venezuela ‘uninvestable’ without significant changes to its commercial frameworks, legal system, and hydrocarbon laws. However, the chief executive’s comments apparently annoyed the President, who later made his feelings known by saying that he will now probably be inclined toward excluding Exxon from drilling in Venezuela.