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Exxon and Conoco Push to Re-Enter Venezuela as Talks Hinge on Billions Still Owed

Summary by thecooldown.com
What if two of the biggest U.S. oil companies returned to Venezuela after nearly 20 years away? That possibility is being discussed — but only if the country offers stronger legal protections and a clear path to repay billions of dollars still owed from past disputes. Brazil Energy Insight reported that ExxonMobil and ConocoPhillips are negotiating with Venezuelan officials about a possible return after leaving around the time of nationalization…

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elnorte.com broke the news on Monday, June 1, 2026.
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