Pumpjacks lift oil from wells at a Chevron production area in the Midway-Sunset Oil Field, California’s largest, in Fellows, near Taft, on Oct. 17, 2025. Robyn Beck/AFP via Getty Images
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.
