XOM · News · 20260918N
Venezuela Re-entry Considerations
ExxonMobil Holdings Corp · 2026-09-18 · Importance 34 · Surprise 42 · In source text
Media reports indicate ExxonMobil may be nearing an agreement with Venezuelan government officials to invest in the country’s oil fields. The potential arrangement could provide ExxonMobil access to oil resources equivalent to approximately 50 billion barrels of crude. No investment amount, ownership percentage, production schedule, or expected financial impact was reported.
Key facts
- The reported potential deal could give ExxonMobil access to the equivalent of around 50 billion barrels of crude in Venezuela. source
- Media reports stated ExxonMobil might be close to signing a deal with Venezuelan government officials to invest in Venezuela's oil fields. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | contingent | — | The reported potential deal could give ExxonMobil access to the equivalent of around 50 billion barrels of crude in Venezuela. |