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Yeshiva World News · Sep 17, 2026

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ExxonMobil is nearing a preliminary agreement that could pave the way for its return to Venezuela’s oil industry nearly two decades after leaving the country, the Wall Street Journal reports. The company could sign an agreement with Venezuela’s state-owned oil company as soon as this month to explore investments in oil fields containing more than 50 billion barrels. Talks are expected to continue in Houston this week.

ExxonMobil is nearing a preliminary agreement that could pave the way for its return to Venezuela’s oil industry nearly two decades after leaving the country, the Wall Street Journal reports. The company could sign an agreement with Venezuela’s state-owned oil company as soon as this month to explore investments in oil fields containing more than 50 billion barrels. Talks are expected to continue in Houston this week.

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