CoinWorld News reports that energy giants like ExxonMobil and Chevron are accelerating oil and gas exploration outside the Middle East to mitigate geopolitical risks. ExxonMobil plans to invest up to $24 billion in deepwater oil fields in Nigeria, while Chevron has expanded its presence in Venezuela. Industry analysts expect that major oil companies could generate $120 billion in value from their exploration projects in the coming years. High oil prices provide funding for entering new regions, but companies remain cautious in controlling their investment budgets.