1 week ago - Arbitration: Exxon Mobil v. Venezuela Decision—U.S. Court of Appeals for the Second Circuit Decides that Actions To Enforce ICSID Arbitration Awards Must Comply with the U.S. Foreign Sovereign Immunities Act

Bolivarian Republic of Venezuela v. Helmerich ... Rural Housing Service v. Kirtz, 601 U.S. 42 (2024) ......................... 3, 12, 15-19, 25, 29 · Dorsey v. United States, 567 U.S. 260 (2012) ............................................. 24-25 · Exxon Mobil Corp.

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.

September 3, 2019 - The law firm offered "an accommodation on legal cost for an initial period" due to the humanitarian crisis in Venezuela, Guaido's office said in a statement posted on Twitter. Sergio Galvis, Sullivan & Cromwell's head of Latin American and Sovereign Finance practices, and Jim Bromley, the co-head of the firm's Restructuring Group, will lead the negotiating team, according to the statement.

The opposition, led by Venezuelan National Assembly president Juan Guaidó, announced on 3 September that it had brought in James Bromley and Sergio Galvis to help restructure its external debt and other obligations.

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.

Representing Venezuela’s Interim Government led by Juan Guaidó, S&C lawyers obtained licenses from the U.S. Treasury Department’s Office of Foreign Assets Control to unblock $80 million previously frozen under sanctions against the regime of Nicolás Maduro.

Plaintiff alleges in his amended class action complaint that due to certain actions of defendant he failed to receive the true and full value of his shares of stock in the Creole Petroleum Corporation (Creole) at the time Creole was fully acquired by defendant through a Delaware short-form merger. It is alleged that these actions, prior to the merger, included depression of the market price of Creole's stock, and failure to disclose all material and relevant information regarding the nationalization of Creole by the Government of Venezuela.

Exxon's management as imperialist bandits who form part of a US government-backed · campaign to destabilize Venezuela.

Crystallex International Corporation v. Bolivarian Republic of Venezuela, ICSID Case No.

Juan Guaidó, the former leader of Venezuela's government-in-exile (Credit: creativecommons.org/Alexcocopro) 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.

January 10, 2026 - Venezuela's oil production has been hit in recent decades by disinvestment and mismanagement - as well as US sanctions. At roughly one million barrels per day, the country accounts for less than 1% of global supply. Chevron, which accounts for about a fifth of the country's output, said it expected to bolster its production, building on its current presence, while Exxon said it was working to send in a technical team to assess the situation in the coming weeks.

3 weeks ago - In addition to specifically targeting the GoV (broadly defined, as noted above), Venezuela-related sanctions authorities permit the imposition of blocking sanctions on persons determined by the Secretary to have engaged in certain anti-democratic, violent, and/or deceptive or corrupt conduct in relation to Venezuela, as well as persons who provide material support to persons blocked pursuant to these authorities (E.O.

3 weeks ago - HOUSTON, Jan 30 (Reuters) - U.S. oil majors Exxon Mobil (XOM.N), opens new tab and Chevron (CVX.N), opens new tab 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.

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.

During this time, Venezuela evolved from an oil colony in the early twentieth century, to a leader in the move toward producer power in the mid-twentieth century, to a symbol of resource nationalism in the early twenty-first century.2 Throughout this process, Exxon has played a major role in the development of oil in Venezuela.

3 weeks ago - The cooperation with Rodriguez ... it meets the Trump administration's demands on oil. Exxon exited Venezuela in 2007 after its assets were seized by the Chavez regime....

January 10, 2026 - The government of late President ... for prominent arbitration cases shortly after. Venezuela now owes over $13 billion collectively to Conoco and Exxon for the expropriations....

March 13, 2025 - Exxon claimed breach of contract. At that time, in 2012 — with the price of crude oil soaring to $100 a barrel and national revenue from oil revenues in the billions — PDVSA was still a powerful and operational company, despite its administrative turmoil. After the euphoria of the Chavista nationalizations, Venezuela has had to face costly lawsuits in international courts involving cases similar to the ones filed by Exxon’s.

2 weeks ago - Sullivan & Cromwell's lawyers have been involved in various controversies, including insider trading scandals, work with tobacco companies, criticism for its role in the FTX cryptocurrency exchange collapse and the political background checks of candidates.