Geopolitical escalation in energy market
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What's next for Exxon stock as US launches a strike on Venezuela?
Invezz· 2026-01-05 16:16
Exxon Mobil (NYSE: XOM) remains in focus today after the US launched a military strike against Venezuela, detaining the country's president (Nicolás Maduro) and his wife (Cilia Flores). The geopolitical escalation has rattled energy markets, given that Venezuela currently holds about 18% of the world's proven crude oil reserves. In early trading, XOM shares are seeing heightened volatility on January 5th as investors evaluate what the US- Venezuela conflict would mean for the global oil stocks in 2026. Why ...