Exxon Mobil is close to returning to Venezuela's oil sector nearly two decades after its assets were nationalized by Hugo Chavez. The company is negotiating investments in oil fields in the Orinoco Belt, which have large geological oil estimates but no confirmed production or booked reserves yet. This move comes amid other deals like Continental Resources' preliminary agreement with Venezuela's state oil company. Despite optimistic reserve figures cited in various reports, these deals face significant political risks and years of development before oil production can begin. Exxon’s stock showed little immediate reaction, reflecting cautious investor sentiment given Venezuela’s history of expropriation and ongoing legal disputes.
Exxon Mobil shares are trading at USD 162.46 on Pluang as of Sep 18, 2026 00:01 WIB, showing a slight 0.54% decline in the past day. The stock's market capitalization stands at $671.56 billion, reflecting its large scale despite cautious investor sentiment. Pluang data also shows a typical holding period of 98 days and a dividend yield of 2.52%, indicating steady interest among retail investors.
ExxonMobil has increased its stake and taken operatorship in Papua New Guinea's natural gas sector, positioning itself to benefit from premium gas prices in Asia. Alongside progress in Guyana with a new FPSO nearing first oil, ExxonMobil's strategy i...
The Vanguard Energy ETF (VDE) has gained 18.4% since mid-June 2026, driven by rising oil prices and geopolitical tensions disrupting supply. Key holdings like Exxon Mobil and Chevron benefit from favorable U.S. energy policies and supply challenges. ...
