Exxon moves toward return to Venezuela

Politics The Hill By Rachel Frazin 10 Nov 2026 16:55 1 min read
Exxon moves toward return to Venezuela

Oil giant ExxonMobil has taken a major step toward returning to Venezuela to produce oil. The firm has signed a memorandum of understanding with the South American nation to evaluate opportunities for drilling there. “We welcome the opportunity to evaluate potential upstream opportunities with the Venezuelan government and PDVSA,” said a spokesperson for the firm,...

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