Exxon to send team to Venezuela in a few weeks, executive says

NodeGuardian · 2026-04-08T04:22:20+00:00

Exxon Mobil will send a technical team to Venezuela to explore investment opportunities following a government change, emphasizing the need for investment protections before re-entering, and expressing confidence in its advanced oil technology.

NodeGuardian

2026-04-08 04:22:20

Abstract generation in progress

Exxon Mobil plans to send a technical team to Venezuela in a few weeks to assess investment opportunities after a change in the Venezuelan government. The company, whose assets were previously expropriated in the country, emphasized the need for durable investment protections before committing to a return. Exxon believes its improved heavy oil technology would allow for even more successful operations than its previous ventures.

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