Coverage dated November 9, 2026 to November 11, 2026
Exxon moves toward return to Venezuela
Headline from FOX8 WGHP
Oil giant ExxonMobil has taken a major step toward returning to produce oil in Venezuela. The firm has signed a memorandum of understanding with the South American nation to evaluate opportunities for drilling there.
FOX8 WGHP's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
ExxonMobil Holdings Corp. formalized negotiations with Venezuela about operating one or more oil fields, months after Chief Executive Officer Darren Woods called the country “uninvestable” given its condition at the time.
Texas-based ExxonMobil on Monday signed a memorandum of understanding with Venezuela that could lead to a potential return of the oil company to the country almost two decades after it had its assets stolen by the ruling socialist regime.
Oil giant ExxonMobil has taken a major step toward returning to produce oil in Venezuela. The firm has signed a memorandum of understanding with the South American nation to evaluate opportunities for drilling there.
Venezuela and ExxonMobil have signed a preliminary agreement that could revive the company's operations after 19 years, amid renewed U.S. investment and expected congressional scrutiny.
The biggest oil company in the world, ExxonMobil, took a first step toward a possible return to Venezuela -- less than a year after calling the country “uninvestable.”
ExxonMobil has signed a memorandum of understanding with the Venezuelan government and its state-owned oil company to explore opportunities in the country. (Image credit: Brendan Smialowski)
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