ExxonMobil is exploring a return to Venezuela almost two decades after its assets were seized and nationalized, CEO Darren Woods said on Jan. 9.
“It’s absolutely critical in the short term that we get a technical team in place to assess the current state of the industry and the assets, understand what will be involved to help the people of Venezuela get production back on the market,” Woods said.
Woods, who made the comments during a meeting at the White House with U.S. President Donald Trump, said the South American country is currently uninvestable, and would require appropriate security guarantees before recentering the market….
ExxonMobil Considers Venezuela Return as Chevron Plans Immediate Production Increase
