https://www.live-feeds.com/feed/exxonmobil-signs-deal-in-step-toward-re-entering-venezuelaContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/exxonmobil-signs-deal-in-step-toward-re-entering-venezuelahttps://www.live-feeds.com/feed/exxonmobil-signs-deal-in-step-toward-re-entering-venezuela#u199991Sat, 14 Nov 2026 05:36:41 +0000ExxonMobil has signed a 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 ExxonMobil one year to assess oil opportunities, including its former Orinoco Belt project. The deal follows the easing of U.S. sanctions on Venezuela's oil sector and represents a significant shift for ExxonMobil, which previously labeled the nation "uninvestable."Why it mattersExxonMobil exited Venezuela in 2007 after the government of Hugo Chav