ExxonMobil Considers Venezuela Return as Chevron Plans Immediate Production Increase
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