Exxon Mobil (XOM.N) said on Monday it signed a memorandum of understanding with Venezuela's state oil company PDVSA to explore potential upstream opportunities in Venezuela. Exxon did not disclose specific projects or fields under evaluation. If it moves ahead, it would mark the U.S. oil major's return to Venezuela after nearly 20 years.

2026-11-10

Exxon Mobil (XOM.N) said on Monday it signed a memorandum of understanding with Venezuela's state oil company PDVSA to explore potential upstream opportunities in Venezuela. Exxon did not disclose specific projects or fields under evaluation. If it moves ahead, it would mark the U.S. oil major's return to Venezuela after nearly 20 years.