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The Rio Times
riotimesonline.com › home › venezuela reopened its oil fields, and exxon has still not said yes
Venezuela Reopened Its Oil Fields, and Exxon Has Still Not Said Yes
September 17, 2026 - The second test is slower. Whoever governs Venezuela next will decide whether these contracts survive. Exxon has not confirmed anything, and the terms of any return are unreported.
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CNBC
cnbc.com › 2026 › 01 › 07 › exxon-conocos-venezuela-claims-not-immediate-priority-energy-secretary.html
Exxon and Conoco claims against Venezuela are not an immediate priority, Energy Secretary says
January 7, 2026 - "We need to have that leverage and that control of those oil sales to drive the changes that simply must happen in Venezuela," the energy secretary said. Trump will meet with oil executives at the White House on Friday, sources told CNBC's Sullivan. The CEOs of ExxonMobil and ConocoPhillips as well as a representative from Chevron are expected to attend the meeting.
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Reuters
reuters.com › article › us-venezuela-debt › venezuela-opposition-retains-u-s-law-firm-sullivan-cromwell-in-debt-restructuring-idUSKCN1VO2DU
Venezuela opposition retains U.S. law firm Sullivan & Cromwell in debt restructuring | Reuters
September 3, 2019 - CARACAS (Reuters) - U.S. law firm Sullivan & Cromwell LLP will be the lead counsel for Venezuela's opposition as it seeks to restructure the country's foreign debt, opposition leader Juan Guaido's overseas legal representative said on Tuesday.
People also ask

Has Exxon agreed to return to Venezuela?
Not publicly, and the Reuters report of advancing talks was sourced anonymously. Neither Exxon nor PDVSA has commented, and its chief executive called the country uninvestable in January.
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riotimesonline.com
riotimesonline.com › home › venezuela reopened its oil fields, and exxon has still not said yes
Venezuela Reopened Its Oil Fields, and Exxon Has Still Not Said Yes
How much oil is Venezuela producing?
About 1.201 million barrels a day in August 2026, on OPEC secondary-source figures. Exports were around 1.17 million barrels a day.
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riotimesonline.com
riotimesonline.com › home › venezuela reopened its oil fields, and exxon has still not said yes
Venezuela Reopened Its Oil Fields, and Exxon Has Still Not Said Yes
Have US sanctions on Venezuela been lifted?
They have not been lifted. PDVSA remains a designated entity, relief comes through general licences that Washington can revoke, and new joint ventures are still excluded.
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riotimesonline.com
riotimesonline.com › home › venezuela reopened its oil fields, and exxon has still not said yes
Venezuela Reopened Its Oil Fields, and Exxon Has Still Not Said Yes
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Reuters
reuters.com › article › venezuela-debt › venezuela-opposition-says-sullivan-cromwell-will-lead-debt-restructuring-idUSL2N25U14K
Venezuela opposition says Sullivan & Cromwell will lead debt restructuring | Reuters
September 3, 2019 - U.S. law firm Sullivan & Cromwell LLP will be the lead counsel for Venezuela's opposition as it seeks to restructure the country's foreign debt, opposition leader Juan Guaido's overseas legal representative said on Tuesday.
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El País
english.elpais.com › el país english › economy and business › the renewed dispute between exxonmobil and venezuela: the story of a long-standing feud
The renewed dispute between ExxonMobil and Venezuela: The story of a long-standing feud | Economy and Business | EL PAÍS English
March 13, 2025 - This exploitation model encouraged massive investments by foreign companies — such as Chevron, Exxon, BP and Mitsubishi — that would operate alongside PDVSA (with very low royalties) for the first time since the nationalization of oil in 1976. This project significantly increased the production and export of Venezuelan crude oil and its derivatives.
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Reuters
reuters.com › business › energy › exxon-chevron-see-glimmer-venezuelas-potential-with-long-road-ahead-2026-01-30
Exxon, Chevron see glimmer of Venezuela's potential, but with long road ahead | Reuters
January 30, 2026 - U.S. oil majors Exxon Mobil and Chevron offered investors a few pieces of new insight into their thinking about Venezuela on Friday, even though neither company announced long-term investment commitments despite President Donald Trump's continued push to convince American oil firms to rebuild the South American country's energy sector.
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Reuters
reuters.com › business › energy › ceraweek-exxon-says-its-team-is-venezuela-evaluating-oil-opportunities-2026-03-25
Exxon says its team is in Venezuela evaluating oil opportunities | Reuters
March 25, 2026 - There are short-term actions that can be taken to ​incrementally increase oil ​production, ⁠he said, but fully rebuilding Venezuela's oil industry would likely take ​a long time and cost ​hundreds ⁠of billions of dollars.
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CNBC
cnbc.com › 2026 › 01 › 05 › maduro-overthrow-could-pave-the-way-for-us-oil-companies-to-recover-venezuela-assets.html
Maduro overthrow could help these U.S. oil companies recover assets seized by Venezuela
January 8, 2026 - Former President Hugo Chavez seized assets from U.S. oil majors in 2007. Chevron is the only U.S. oil major operating in Venezuela. Exxon and Conoco have billions of dollars in outstanding claims against Caracas from Chavez's nationalization.
Find elsewhere
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NYTimes
nytimes.com › world › americas
Exxon Is Nearing a Deal to Pump Oil in Venezuela, Marking a Victory for Trump - The New York Times
May 21, 2026 - The U.S. oil giant is negotiating a deal to pump oil in Venezuela, ending a standoff with its socialist rulers and marking a victory for President Trump.
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Reuters
reuters.com › business › energy › exxon-may-acquire-rights-produce-oil-venezuela-new-york-times-reports-2026-05-21
Exxon may acquire rights to produce oil in Venezuela, New York Times reports | Reuters
May 21, 2026 - U.S. oil major Exxon Mobil ​is in talks to acquire ‌rights to produce oil in Venezuela nearly two decades after it was effectively expelled from ​the country, the New York ​Times reported on Thursday, citing people familiar ⁠with the ...
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MarketScreener
marketscreener.com › news › exxon-mobil-citgo-petroleum-acquires-shipload-of-venezuelan-crude-oil-to-refine-ce785cd2da8bf122
Exxon Mobil, Citgo Petroleum Acquires Shipload of Venezuelan Crude Oil to Refine
5 days ago - All the latest stock market and economic news. Follow live the latest news from listed companies, the latest analysts' recommendations and our analysis. All the news is on MarketScreener
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PressBee
eng.pressbee.net › show4950883.html
Chevron speeds ahead in Venezuela while Exxon urges caution with a ‘little pinch of salt’ ...Middle East
2 days ago - Chevron speeds ahead in Venezuela while Exxon urges caution with a ‘little pinch of salt’ ...Middle East PressBee While Chevron is investing $7 billion...
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Reuters
reuters.com › business › energy › exxon-send-team-venezuela-few-weeks-executive-says-2026-03-03
Exxon to send team to Venezuela in a few weeks, executive says | Reuters
March 3, 2026 - HOUSTON, March 3 (Reuters) - Exxon Mobil (XOM.N), opens new tab aims to send ​a technical team to Venezuela in a ‌few weeks after working through logistical and security arrangements, an executive said on Tuesday.
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Reuters
reuters.com › business › energy › exxon-ceo-says-prepared-evaluate-reentering-venezuela-2026-01-09
Exxon studies Venezuela return as Chevron plots immediate production bump | Reuters
January 10, 2026 - Jan 9 (Reuters) - Exxon Mobil (XOM.N), opens new tab CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.
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Global Arbitration Review
globalarbitrationreview.com › article › exxon-enforces-icsid-award-against-venezuela
Exxon enforces ICSID award against Venezuela - Global Arbitration Review
September 30, 2025 - A US court has enforced ExxonMobil’s billion-dollar ICSID award against Venezuela, dismissing arguments the tribunal erred by failing to recognise lawyers instructed by the country’s government-in-exile.
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Manifoldapp
ucp.manifoldapp.org › read › energy-in-the-americas › section › 3732f0cc-fb88-4874-9414-881432b704e4
4Exxon and the Rise of Producer Power in Venezuela | Energy in the Americas | Manifold at UCalgary Press
Venezuela is one of the oldest and largest producers of crude oil for export in the Americas. Texas-based Exxon is one of the oldest, most profitable, and most criticized of the large international oil companies.1 Swings from co-operation to confrontation have marked the century-long relationship ...