Exxon Mobil is sending a technical team to assess Venezuela's oil assets, signaling continued interest in the nation’s energy sector.
This assessment follows CEO Darren Woods describing Venezuela as "uninvestable" to President Donald Trump just days earlier. Woods cited the need for significant legal and commercial reforms before the company would commit capital.
Woods' cautious stance drew public criticism from President Trump. Trump suggested Exxon might be excluded from future U.S.-backed investment opportunities in the country.
Exxon and ConocoPhillips previously had assets nationalized by the Venezuelan government. Both companies are owed billions from arbitration claims. Chevron remains the only major U.S. oil company with active operations in the country.