https://www.live-feeds.com/feed/exxon-takes-first-step-toward-investing-in-venezuelaContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/exxon-takes-first-step-toward-investing-in-venezuelahttps://www.live-feeds.com/feed/exxon-takes-first-step-toward-investing-in-venezuela#u200295Sat, 14 Nov 2026 09:58:36 +0000ExxonMobil has signed a non-binding memorandum of understanding with Venezuela's state oil company PDVSA, marking its first formal step toward re-entering the country nearly two decades after its assets were expropriated. The agreement grants Exxon a year to assess oil opportunities, including its former Orinoco Belt project, without committing to investment. The move follows the Biden administration's temporary easing of sanctions on Venezuela's oil sector in late 2023, which created a window for major Western oil companies to explore a return. Exxon previously called Venezuela