ExxonMobil holds talks with Venezuela on re-entering heavy-oil fields

Bloomberg reported that ExxonMobil representatives went to Caracas to negotiate a return to Venezuela, seeking access to several heavy-oil fields. The company is proceeding cautiously because its Venezuelan assets were nationalized in the past. The report describes talks as ongoing and does not say any agreement has been signed.

• Talks held in Caracas on September 15, 2026
• Target: access to several heavy-oil fields
• ExxonMobil previously lost Venezuelan assets to nationalization
• No signed agreement reported at the time of publication