Lates News

Exxon Mobil (XOM.N) said on Monday it has signed a memorandum of understanding with Venezuelan state oil company PDVSA aimed at exploring potential upstream business opportunities in Venezuela. Exxon Mobil did not disclose the specific projects or oil zones it is evaluating. If the U.S. oil major ultimately moves forward with development projects, it would mark Exxon Mobil's return to Venezuela nearly two decades after exiting the country.