Venezuela Deploys Troops to Guyana Border Over Oil Dispute
Exxon Mobil plans to conduct exploratory drilling off the coast of Guyana, reassuring that it will be "well south" of the disputed territory claimed by Venezuela. The company's executive emphasized that the proposed drilling locations are at least 100 kilometers away from Venezuela's claimed territory and are within Guyana's licensed exploration area. This comes amid reports of a Venezuelan military buildup near the disputed region, raising concerns about potential conflict. Exxon and its partner, Hess Corp., saw a decline in stock performance following these developments.
