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Oil giant TotalEnergies on Trump's Venezuela dream: ‘Too expensive and too polluting'

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Why This Matters

TotalEnergies has exited its oil and gas operations in Venezuela, citing high costs and environmental concerns, which may impact the company's future investments in the region.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

TotalEnergies completely exited its oil and gas operations in Venezuela in 2022, following a strategic shift away from heavy and high-sulfur crude.

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Original article published by CNBC on February 11, 2026.
Analysis and insights provided by AnalystMarkets AI.