Last edited Sun Mar 10, 2019, 11:09 PM - Edit history (1)
Anyone sober, or otherwise competent would know instantly what a whopper that is.
Just one of many articles:
JUNE 26, 2007 / 2:36 PM / 12 YEARS AGO
Chavez drives Exxon and ConocoPhillips from Venezuela
Brian Ellsworth
5 MIN READ
CARACAS (Reuters) - President Hugo Chavez pushed U.S. oil giants Exxon Mobil and ConocoPhillips out of Venezuela on Tuesday in a nationalization drive the United States said could hurt its oil supply.
Exxon Mobil (XOM.N) and ConocoPhillips (COP.N) quit their oil operations in the OPEC nation after they failed to strike a deal to stay in multibillion-dollar projects that the anti-U.S. leader decreed should be taken over.
ConocoPhillips said it would have to knock $4.5 billion (2.5 billion pounds) off its balance sheet after losing its assets in two Orinoco ventures and one smaller project, though it had previously said it believed the assets are worth substantially more.
Four other oil majors Chevron (CVX.N), Norways Statoil STL.OL, BP (BP.L) and Frances Total (TOTF.PA) signed pacts allowing Venezuela to increase its stake to as much as percent 83 percent in projects worth $30 billion.
More:
https://www.reuters.com/article/uk-venezuela-nationalization-oil/chavez-drives-exxon-and-conocophillips-from-venezuela-idUKN2637895020070626
What a shock it was when the Orange Nightmare took Exxon CEO Rex Tillerson as his Secretary of State, wasn't it?
Poor, poor Exxon:
"If ExxonMobil were a country, its economy would be bigger than Ireland's."
Victims? Probably NOT.