Venezuela Tests Big Oil’s Wall Street-Backed Spending Discipline

Exxon Mobil Corp. and Chevron Corp. must walk a fine line when they kick off Big Oil earnings season Friday, balancing Wall Street’s push for spending discipline and President Donald...

By Kevin Crowley, Mitchell Ferman · Bloomberg Markets

Exxon Mobil Corp. and Chevron Corp. must walk a fine line when they kick off Big Oil earnings season Friday, balancing Wall Street’s push for spending discipline and President Donald Trump’s call to invest $100 billion in Venezuela.