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ExxonMobil Shares Jump After U.S. Venezuela Investment Deal

By Drooid · Sep 17, 2026, 11:24 PM UTC · How we work

Summary

Story summary

ExxonMobil shares rose 1.85% to $159.61 after a U.S. agreement permitting investment in Venezuela’s oil sector.
President Donald Trump said U.S. companies will invest more than $100 billion in Venezuela under the deal.
Venezuelan official Delcy Rodriguez described the 25-year deal as targeting 1.5 million barrels per day and $209 billion potential revenue.
Exxon CEO Darren Woods dispatched a technical team and executives to Caracas in September 2026 to negotiate rights for four heavy-oil fields.

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Story summary

ExxonMobil shares rose 1.85% to $159.61 after a U.S. agreement permitting investment in Venezuela’s oil sector.
President Donald Trump said U.S. companies will invest more than $100 billion in Venezuela under the deal.
Venezuelan official Delcy Rodriguez described the 25-year deal as targeting 1.5 million barrels per day and $209 billion potential revenue.
Exxon CEO Darren Woods dispatched a technical team and executives to Caracas in September 2026 to negotiate rights for four heavy-oil fields.