ExxonMobil negotiates Venezuela oil return amid US opening

ExxonMobil staff traveled to Venezuela to negotiate a possible return to the oil sector, operating in an environment of greater openness driven by Washington. The company remains cautious about regulatory stability and its historical precedents in the country, where it was expropriated in 2007. A return would signal a major shift in US-Venezuela energy relations and could boost Venezuelan output, but regulatory and political risks remain.