Exxon Is in Talks to Return to Venezuela as Deals Accelerate - Bloomberg.com
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ExxonMobil is negotiating with Venezuela's government to re-enter the South American nation and pursue investments in its vast oil reserves, following similar moves by American competitors. The Texas energy giant sent executives to Caracas this week to explore access to heavy oil fields, though it remains cautious given previous nationalizations of its assets.
ExxonMobil Holds Talks to Re-Enter Venezuela Oil Fields After Years Away - Bloomberg
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Venezuela:
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Exxon Is in Talks to Return to Venezuela as Deals Accelerate
*The ExxonMobil Holdings Corp. Spring campus near Houston.
Photographer: Brandon Bell/Getty Images*
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By Kevin Crowley, Jennifer A Dlouhy, Ari Natter, and Eric Martin
September 16, 2026 at 5:02 PM EDT
Updated on
September 16, 2026 at 6:36 PM EDT
ExxonMobil Holdings Corp. held talks this week with Venezuela’s government about re-entering the country as the Texas oil giant explores whether to follow US rivals back into the home of the world’s largest reserves.
Executives flew to Caracas Tuesday night for negotiations, aiming to secure access to several fields rich with heavy oil, according to people familiar with the matter. While talks have been ongoing for months, ExxonMobil is proceeding cautiously as executives consider investing in a country where it had its assets nationalized twice since the 1970s, said the people who asked not to be identified because the discussions are private.
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US Edition
Venezuela:
US Seizes Oil Access
US-China Rivalry
Exiles Return Home
Chevron’s Oil Investment
Maduro Drug-Trafficking Trial
Politics
Exxon Is in Talks to Return to Venezuela as Deals Accelerate
*The ExxonMobil Holdings Corp. Spring campus near Houston.
Photographer: Brandon Bell/Getty Images*
Contact us: Provide news feedback or report an error
Confidential tip? Send a tip to our reporters
Site feedback: Take our Survey
By Kevin Crowley, Jennifer A Dlouhy, Ari Natter, and Eric Martin
September 16, 2026 at 5:02 PM EDT
Updated on
September 16, 2026 at 6:36 PM EDT
ExxonMobil Holdings Corp. held talks this week with Venezuela’s government about re-entering the country as the Texas oil giant explores whether to follow US rivals back into the home of the world’s largest reserves.
Executives flew to Caracas Tuesday night for negotiations, aiming to secure access to several fields rich with heavy oil, according to people familiar with the matter. While talks have been ongoing for months, ExxonMobil is proceeding cautiously as executives consider investing in a country where it had its assets nationalized twice since the 1970s, said the people who asked not to be identified because the discussions are private.
Before it's here, it's on the Bloomberg Terminal
HomeBTV+Market DataOpinionAudioOriginalsMagazineEvents
News
MarketsEconomicsTechnologyPoliticsGreenCryptoAI
Work & Life
WealthPursuitsBusinessweekCityLabSportsEqualityManagement & Work
Market Data
StocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic Calendar
Explore
NewslettersExplainersPointed News QuizAlphadots GameThe Big TakeGraphicsSubmit a TipAbout Us
Terms of ServiceTrademarksPrivacy Policy
CareersAdvertise
Ad Choices
Help©2026 Bloomberg L.P. All Rights Reserved.
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Tags:#إكسون موبيل#فنزويلا#النفط#الطاقة#الاستثمار الأجنبي#الاقتصاد
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