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ExxonMobil Eyes Venezuela Re-Entry as Trump Signals Major Oil Push

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Donald Trump stated ExxonMobil is preparing to re-enter Venezuela after its 2007 exit.
  • While Venezuela's massive reserves offer long-term upstream growth optionality, severe infrastructure degradation, heavy crude processing costs, and historical political risks require investors to await concrete deal terms.
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