and on the back of this news XOM is up slightly for the day, down 1/2% in after hours trading, so it seems "the market" doesn't care much.
http://finance.yahoo.com/q/bc?s=XOM&t=5d

the helicopter "market", a well-oiled machine, no less!
umm, have the Chinese begun building heavy sour refineries since their last friendly with Chavez?