'Exxon Is Nearing A Preliminary Deal To Invest In Venezuela’s Oil Fields; The U.S. Oil Major Is Negotiating A Potential Return To The Latin American Country 19 Years After Its Exit' - WSJ Exclusive

Exxon is reportedly close to a preliminary agreement to invest in Venezuela's oil fields, marking a potential return to the country nearly 19 years after its exit. The negotiations indicate a significant strategic shift for the U.S. oil major as it seeks to re-enter the Latin American market. Details regarding the financial terms of the deal have not been disclosed.