XOM · News · 20260916N

Venezuela Investment Conditions

ExxonMobil Holdings Corp · 2026-09-16 · Importance 34 · Surprise 42

ExxonMobil is negotiating a potential return to Venezuela 19 years after leaving the country. The company is considering investment in the Petromonagas heavy-oil project in Venezuela’s Orinoco Belt, where it previously held a stake. ExxonMobil is also evaluating opportunities in neighboring areas of the Carabobo block, but the reported discussions do not specify transaction value, ownership percentage or investment timing.