February 9, 2026 - 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

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.

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.

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.

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.

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.

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

February 7, 2026 - Exxon's management as imperialist bandits who form part of a US government-backed · campaign to destabilize Venezuela.

January 26, 2026 - 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.

January 13, 2026 - Jeffrey B. Wall of Sullivan & Cromwell LLP represents Exxon. Michael R. Krinsky of Rabinowitz, Boudin, Standard, Krinsky & Lieberman PC represents the Cuban companies. U.S. Solicitor General D.

There's an opportunity in Venezuela with all the resources there. We don't have that challenge of finding; we have the challenge of developing those resources. So I think it's in the best interest of these companies and, frankly, society as a whole for the industry to be interested in understanding what the opportunity here represents. I’ll just share a philosophy that ExxonMobil has when we enter countries—because we do business all around the world, in a number of different regimes—we take a very long‑term perspective.

September 30, 2025 - 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 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.

Venezuela’s opposition government has appointed two New York-based Sullivan & Cromwell partners as lead counsel on the US$150 billion restructuring of the country’s debt.

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.

February 20, 2026 - "Respondents' core submission is that Congress needed to do more than speak clearly to abrogate Cuban instrumentalities' sovereign immunity," Exxon said in its Feb. 4 reply brief. "The 104th Congress would be perplexed by such a rule." Jeffrey B. Wall of Sullivan & Cromwell LLP represents Exxon.

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.

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.

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. To read more · Register to receive regular round-up emails and limited access to selected content. Register now · Get news, unique commentary, expert analysis and essential resources from the Latin Lawyer experts. Subscribe now · Senior News Reporter · View full biography · Cleary Gottlieb Steen & Hamilton · Financial services · Financial services corporate · Insolvency & Restructuring · International · Natural Resources · Oil & gas exploration & production · PDVSA · Sullivan & Cromwell · Venezuela · Copyright © Law Business ResearchCompany Number: 03281866 VAT: GB 160 7529 10 · 20 hours ago · 20 hours ago · 1 day ago · 1 ·

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.